Don's be fooled with Big Banks! Bigger banks doesn't relate to better a deal..lower rates or zero closing costs. While every bank will promise to provide you the best interest rate and closing cost to buy home, the reality of the banking industry is that this simply doesn’t happen.
The fact of the matter is the majority of buyers get shocked by the closing cost they get charged when purchasing a home. All banks and credit unions including internet bankers charge loan origination, processing fees, document prepartion fees and loan discount points. In additional banks then charge underwriting, processing, and application fees. Depend on the purchase price; you may end paying $5,000 – $14,000 dollars in loan fees.
On a recent purchase closing, Quicken Loans charged a client 2.5% discount points which equal to $12,680 dollars. We gave the client same rate with out any points or loan origination fees, which results in net saving of $12,680 to client.
Some banks charge minimum closing cost but will give you a higher interest rate, which means higher monthly payment each month.Needless to say, this is highly frustrating to the first time buyers. But more than it can be financially crushing if you are paying hard earned money for closing cost to banks instead for the down payment.
Well, we set ourselves apart from banks and credit unions by being accountable to you.In other words, we guarantee to do free loan for zero closing cost for our VIP Home Buyers. Absolutely free. No origination fee, no points, no discount fees and no other hidden loan junk fees.
Because we do not charge any loan orgination, it is easy for us to beat any written rate and closing cost. As you can see, we put our money where our mouth is. Instead of making you empty promises, we give you a written guarantee of performance. Please send your request for FREE loan approval and Good Faith Loan Estimate.