9 posts tagged No Fee Mortgage

If you’re considering a “no cost” or “no fee” mortgage loan for your home loan there are several things you need to know about these loans to avoid paying too much. Whenever lenders talk about “no fee” mortgage loans they are always trading off a higher mortgage rate in exchange for lender fees paid at closing.

Bank of America is on board with birthing a new Compton. A brand new location just opened in the growing Compton Gateway Town Center, but this isn’t your typical Bank of America. This is a modern state of the art facility that made my jaw drop upon entering. I literally had to pull out my cellphone to take pictures.

Are you thinking about refinancing your home loan with a no fee or flat fee mortgage? You can’t turn on the television these days without seeing Ditech’s so-called “Flat Fee” mortgage or no fee home loans from Bank of America, but what’s the catch? If you think that these deals sound too good to be true you’re right; the catch is that you always pay a higher mortgage rate.

Wells Fargo Mortgage is a division of Wells Fargo Bank, one of the largest banks created following a merger with Norwest bank and is currently the second largest mortgage lender behind Countrywide home loans.

You may have heard in the news that Bank of America recently acquired Countrywide, the largest mortgage lender in the United States. Given the fact that Countrywide was on the verge of collapse and being investigated for predatory lending practices that caused a financial nightmare for countless American homeowners, this buyout by Bank of America could only be a good thing right?

Lower your Closing costs when getting a home loan / mortgage December 28, 2007 – 7:32 pm Ways to reduce the closing costs associated with your home loan: Let’s talk about closing costs that are associated with any home loan.    Most people only think in terms of the loan’s interest rate,  but there are other costs to consider when getting a mortgage.

We have all seen Countrywide in the news for the past few months for a variety of reasons, most not good. One that I would like to speak about today is their heavy advertising of the "No Cost Loan". They have been under fire from both state regulators and the media for pushing these.

No fee mortgage refinancing simply doesn’t exist. You’ll see advertisers on television like Bank of America bragging about their no cost, no fee mortgages; however, no cost mortgage refinancing is a lie. Here is the truth you need to know about no fee mortgage refinancing to prevent falling victim to these empty promise of no fee mortgage loans.