Contact Information
Steve Conklin Sneffels Realty
Cell: 970-209-4446 Fax: 970-626-3557
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What about ads for no-cost loans? |
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What about these ads for no-cost loans?
In many states, real estate regulatory agencies are cracking down on such advertising. The very term, "no-cost" loan, is misleading because borrowers are actually paying a higher interest rate in exchange for not having to pay fees or closing costs up front when the loan is secured.
A "no-points" loan is one for which the lender does not charge points (one point is equal to 1 percent of the loan amount). But there are other fees involved in no-point loans, as with most loans.
Questions about Montrose, Colorado Real Estate?
Ask us below or Call us Now at 970-209-4446
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Featured Listings
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Montrose 4 Unit |
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Bridges Golf Club |
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