Preferring `zero-cost' refinancing.(Friday Home Guide)(Mortgage Q&A)
Q: In a previous column, you said that you liked zero-cost refinancing. Since the rates on zero-cost refinance programs are higher than those with points and closing costs, why do you recommend the zero-cost programs? A: If you can lower the interest rate on your mortgage without paying anything,

Publication: The Washington Times

Zero-cost loan deal has a price.(Friday Home Guide)(Mortgage Q&A)
Q: I've read about a refinance program with no points or closing costs. I don't understand how it works. There's got to be a catch. How can you refinance without paying any settlement charges? Don't you have to pay county recording fees, title insurance, appraisal fees and things like that? A: The

Publication: The Washington Times

OPINION: Zero-Cost Loans Can Come with Price.
Jun. 4--A reader asks: What is a zero-cost loan? Does that mean I don't have to put any money toward anything on the home loan -- in other words, no down payment? I'm interested because I want to buy a home. I have a good, steady income, FICO score of 777, and no outstanding debt, but don't have

Publication: The Orange County Register (Santa Ana, California) (via Knight-Ridder/Tribune Business News)

Explaining zero-cost refinancing.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES Q: We live in Frederick, Md., and are considering a zero-cost refinancing that we learned about through your column. We spoke to two banks, and both said they don't offer such a program. One loan officer told me that it couldn't be done. Can you

Publication: The Washington Times

Refinance for absolute zero cost.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES Q: I am interested in a zero-cost refinance. I have spoken to a couple of lenders who told me that you must always pay for escrows and title insurance, so there is really no such thing as a zero-cost refinance. Are they correct? A: No, they are

Publication: The Washington Times

Closing costs differ for purchase.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES Q:You have written many times about refinancing with zero closing costs. I understand that this can be done if the borrower takes a slightly higher interest rate. We are currently in the search phase of the home-buying process and were wondering

Publication: The Washington Times