us pharmacy viagra

No Closing Costs Mortgage

No Closing Cost Loans for Purchases and Refinances No one wants to pay high closing costs in order to purchase or refinance a home. That’s why we have our no closing costs loans on all loans $250,000 and up. Loans less than $250,000 will receive lender credits to cover most of the costs. How can […]

No Closing Cost Loans for Purchases and Refinances

No closing costs

No one wants to pay high closing costs in order to purchase or refinance a home. That’s why we have our no closing costs loans on all loans $250,000 and up. Loans less than $250,000 will receive lender credits to cover most of the costs. How can we do this? We make our lender pay the closing costs for you using lender credits or rebate.

Another benefit to our creative financing on a purchase is the buyer’s offer is stronger and they are more likely to win a bid because they aren’t asking the seller to pay closing costs. The seller makes more money in this scenario so they are more likely to accept your offer, even if it’s a little less than the competition.

In addition to our No Closing Costs Loans we have our 5% Down and NO PMI loans which result in the lowest possible payment for your new home. To learn more about our 5% Down Loan that has NO PMI click this link: 5% Down with NO PMI

Interest Rates at 1 Year Lows

Geopolitical strife, weakness in the world markets…what does this mean for mortgage interest rates? It could trigger a move downward. With all this uncertainty, investors look for a safe investment and one of the safest is U.S. Treasury bonds. As demand for bonds increases mortgage interest rates will decrease. Also Janet Yellen’s testimony may have […]

Geopolitical strife, weakness in the world markets…what does this mean for mortgage interest rates? It could trigger a move downward. With all this uncertainty, investors look for a safe investment and one of the safest is U.S. Treasury bonds. As demand for bonds increases mortgage interest rates will decrease. mortgage rates

Also Janet Yellen’s testimony may have helped. She indicated there was going to be no immediate changes to the Fed easing monetary policies because of underlying market weakness.

With mortgage rates at 1 year lows, and Coastlend’s 5% down payment loan with NO PMI, buying a home is relatively cheap. We’ve seen home prices climbing in many cities across the country and the spring buying season hasn’t even begun, so this could push prices even higher. If buying a home is on your radar, now is a good time to act before rising prices and rising mortgage rates price you out of the market.

Mortgage Rates Drop Again

Mortgage Rates Drop 6 Weeks Straight Rates are plummeting to their lowest levels in over a year and now everyone who purchased or refinanced in the last 6-12 months should be able to save money with a NO Closing Cost Refinance. With as little as 5% equity you can refinance with NO PMI and NO […]

freddie-mac-weekly-bars-20140529Mortgage Rates Drop 6 Weeks Straight

Rates are plummeting to their lowest levels in over a year and now everyone who purchased or refinanced in the last 6-12 months should be able to save money with a NO Closing Cost Refinance.

With as little as 5% equity you can refinance with NO PMI and NO Closing Costs. Do you have PMI now? There’s a good chance you can get rid of it and save thousands of dollars. If you’re paying PMI or have a loan where you think your interest rate is too high. Give Coastlend Mortgage a call today for a free evaluation of your mortgage. It can’t hurt to check.

Why Are Rates Dropping

low ratesThis has been an unexpected surprise to everyone. Rates were supposed to be going up due to the FED “Tapering” their Mortgage Bond purchase program by 20 billion, also known as QE3. However with uncertainty in world economies and a possible war in Ukraine, world investors are looking for safe investments.

US mortgage Bonds are the safest investment in the world and that is causing more money flowing into mortgage bonds. This causes interest rates to go down. So even thought the Fed is pulling back, private investors are filling the void and more.

How Long will this last?

No one can say for sure and things can turn on a dime. One good economic report like positive jobs numbers, could send rates higher. when it happens it will happen fast so don’t miss out if you can save money today. hurry

With a No Closing Cost Refinance you can rest assured because if rates do drop lower in 6 months you can refinance without the worry of more closing cost expenses. In addition if the rate drops after you start your loan and before you close, we allow you to take advantage of the lower rate with a rate drop at no cost.

Call today for a free approval.