Question by JohnPau2010: Does lenders every give home loans with ZERO closing costs ?
1) Are there any banks which can give home loans without charging us any fees, order abortion etc ?
2)They are already making 3 times our loan price at the end of the 30 years, treatment why do they still take the other fees ? (originating, about it closing….etc)
Then they should give us an option if you stay with the same bank for “x” years we will refund the closing costs
Best answer:
Answer by Ryan M
1) Nope
2) Because if you refi with someone else OR if you pay off the loan early, then they don’t make all that money.
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You can get your lender to pay closing costs. It is done with premium pricing. The rate will be higher. Many of the closing costs associated with a mortgage are paid to someone else…appraisal, credit report, attorney fees, title search, title insurance, flood cert, recording fees, tax service fee, doc prep fee, etc. The mortgage company cannot charge you more that those companies charge them.