NO-COST LOANS: We do No-Cost loans all the time. That's why we've listed our generic No-Cost rates above. Our No-Cost loan rates are often the same, or lower, than the rates that other lenders will charge you thousands for. No-Cost loans are a great way to refinance and have your savings start day one, since there's no time required to recoup closing costs. If you'll be in the home for less than three years, this is the best loan choice. By choosing a slightly higher rate, the lender gives you a credit/rebate to cover your closing costs. Please contact us for a custom quote on a NO-COST loan dialed in to your exact scenario's characteristics. Your actual rate and APR may be higher or lower than the generic No-Cost rates listed above.
Closing Costs: Our closing costs are much lower than nearly every lender out there because LendRight doesn't have the junk fees most other lenders charge that cost you hundreds--often thousands--more. Zero junk fees. It's lending done right! Your closing costs will differ based on the rate, lender, and title company you choose. Prepaid items for homeowner’s insurance, property taxes, and prepaid interest are additional items collected at closing. Other than the appraisal and credit report fee, closing costs and prepaid items can be rolled into the loan on a refinance.
Quoted Rates & APRs: The buydown rates quoted above are "Best Case" scenarios with discount points required. Rates above assume the following: $400,000 loan, 60% LTV, 760+ credit score, on a Utah single-family residence used as a primary residence. Rates can change multiple times a day and are subject to change without notice until you lock your rate. Your actual rate and APR will be unique to your exact scenario's characteristics: loan amount, term, credit score (which affects the rate and any applicable mortgage insurance), loan-to-value (LTV), transaction type (purchase rates are lower than refinance rates), as well as chosen rate and whether it has discount points, is a par/market rate, or has credits/rebates.
Rates up to 1/2% lower than banks and credit unions. Utah banks and credit unions have big rates and fees on their mortgage loans because they have BIG expenses. The…
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