Lender Paid Closing Costs
When a homeowner chooses to refinance at a lower rate, the closing costs on the new loan can detract from the monetary savings. Lender paid closing costs on a refinance can eliminate this cost, allowing the borrower to realize the highest possible savings from the new loan. In this type of loan transaction, the lender provides a credit to cover the necessary closing costs.

In order to obtain a refinance with no closing costs, homeowners must pay a slightly higher interest rate. This rate can be ¼ to ½ of a percent higher than the rate the borrower would qualify for in a traditional loan. Those considering this refinance option need to determine whether or not it makes the most financial sense. Those who think they will be staying in their house for an extended period may end up paying more over the life of the loan with the higher interest rate. On the other hand, homeowners who may be moving in the next few years can save thousands by not paying closing costs, and the slightly higher interest rate will not make as much of an impact if they do not stay in the mortgage for the long term.

Our industry trained loan specialists can walk you through your options, helping you determine whether or not a lender paid closing cost refinance works best for your financial situation and future goals. We offer both options allowing our howeowners to make the choice for themselves. With current market education and our wide range of loan services, you can save substantially by refinancing your home loan today.

C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; NMLS # 135622. C2 Financial is a VA approved lender; not endorsed or sponsored by the Department of Veterans Affairs or any government agency. Loan approval is not guaranteed and is subject to lender review of information. Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. This licensee is performing acts for which a real estate license is required. C2 Financial is licensed by the California Bureau of Real Estate: Broker #01821025. NMLS #135622. California Bureau of Real Estate #01326712, NMLS#84095.
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