|
|
 |
 |
| Our Experienced Florida Mortgage Loan Officers are standing by to answer your questions. |
| Call (954) 977-6607 | |
No Closing Cost Loans
Get a No Closing Cost Loan
When you are looking into buying a home of your own, there are going to be a lot of questions that you are going to need to have answered. While some of these questions will be about the homes that you are thinking about buying - whether or not they are convenient to shopping or are located within a particular school district - many others will be about the home loans that are available to you. One option is a no closing cost loan. |
|
 Making dreams come true
with zero down mortgages
We don’t think that saving for a down payment should be the reason you put your dreams on hold. We can help you buy your dream home with a zero down mortgage loan. You’ll not only be able to afford a home sooner, you’ll probably be able to afford more home. With a zero down mortgage, the amount of loan you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you’ve saved. And, for most buyers, this means qualifying for a larger loan.
Dynamic Funding Solutions offers a new medium income housing assistance mortgage program.
Just look at this!
Ø Up to 105 % financing
Ø No Mortgage Insurance
Ø Purchase and Rate and term refinance
Ø Non-Warrantable condominiums o.k
Ø 1 Mortgage
Ø 15,30, 40 yr fixed rate fully amortized loans
Ø No prepayment penalty
Ø No Reserve Requirement
Ø Minimum score 575 97% financing and it’s Not FHA.
Ø Available only in Florida
Ø No minimum Loan amount
Ø Eligible Borrows : U.S. Citizens, Permanent and Non Permanent Resident aliens
Ø First time home buyers o.k.
Should You Look into a No Closing Cost Loan?
When you are looking into a no closing cost loan, you are going to want to be sure that you understand the specifics. When you apply for a no closing cost home loan, it is important to know the following:
- When you choose a no closing cost loan, you are going to find that you are going to be responsible for paying a higher interest rate over the term of the loan.
- When you are looking into a no closing cost loan, you are going to want to be sure that you understand more about the mortgage loan itself; even with no closing cost home loans, you are going to find that you are in a position to choose between fixed rate loans and adjustable rate loans and that it is important to choose the type that will best suit your needs and best help you to reach your financial goals.
- When you are looking into a no closing cost loan, you are going to want to weigh the short term versus long term savings. In some cases, you will find that simply by comparing the costs of your loan you will be able to make a better decision.
Simply put, when you are looking into no closing cost loans, you are going to want to be sure that you are thinking about more than just the short term cost of the mortgage. While on a traditional mortgage loan you can expect to pay between five and six percent of the cost of the loan at the time you are signing the paperwork, you will find that there are both benefits and drawbacks to making that payment.
Of course, that is not to say that there are not some advantages that you will discover when you apply for a no closing cost loan. One of the things that you will find is that, by avoiding closing costs when you take out a mortgage, you will have more money to put towards your move or to the costs of renovations that you are thinking about making to your new home.
Ultimately, you may find that when you weigh the pros and cons of a no closing cost loan, choosing the no closing cost home loan may be the option that is best for your needs. The best thing that you can do is to explore your options and to focus on getting into the home that you have always wanted to own; a mortgage lender can help to answer your questions and to make the right choice.
|
 |
|
|
|
|
