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How it works
A no closing cost refinance can be a great strategy to lower your interest rate without adding costs to your loan balance or paying costs out of pocket at closing.
If lower rates are available but you are unsure how long you may keep the loan or your home, a no closing cost refinance can be a great solution. Instead of paying closing costs or rolling them into your new loan balance, you can opt for a slightly higher interest rate and receive a lender credit that is applied to your closing costs.
For example, if you are able to refinance to 5.0% for $3,500 in closing costs, you may be able to refinance to 5.25% and receive a $3,500 lender credit to cover those closing costs. This works because a lender originating a loan at 5.25% when rates are 5.0% will be able to sell the higher rate loan for more money. They can simply give that additional revenue back to you in the form of a lender credit at closing.
If you opt for a no closing cost refinance, you will be taking a slightly higher rate than what might be available, but your breakeven point goes to 0, giving you net savings from month one.
Become our customer and we will make you a fan.
"amazing in my home refinancing process"
Travis and Chase were both amazing in my home refinancing process. Anything I needed they were both on top of it immediately.
"easiest and best experience I've had"
I've financed or refinanced 12 times now in my life and this was the easiest and best experience I've had. They had the best rates and by far were the most available lender I have worked with - answering questions day or night.
"a real person answers the phone every time"
Our refinance process was incredibly quick (less than 3 weeks) and easy, they even sent a mobile notary to our home for the closing. We're pleased with the rate we got on our loan, and the customer service was excellent -- a real person answers the phone every time!
A human experience with online ease.
1. Consultation
Our 10 minute consultation is quick and casual. Help us understand your goals so we can put you on the right path.
2. Application
Apply online or over the phone. We will give you a same day preapproval and get the loan process started.
3. Processing and Underwriting
Our loan process blends electronic document submission and automated updates with a human touch. We are always available to answer your questions.
4. Closing
Electronically sign some of the forms before closing, and then meet us at the closing attorney to sign the notarized documents.
Our Approved States
We are located in the heart of Memphis, Tennessee and proudly serve our hometown of Memphis and the surrounding areas. Being a local mortgage lender, we are able to provide the best mortgage at the lowest rate to the communities and neighborhoods where we work and live.
By investing in the best technology and committing to the highest levels of service, we are able to deliver our hometown service across a wider geographic footprint with no sacrifices. Home buyers and homeowners in the states listed here can also get the best rate and experience our five star service.
Colorado
Florida
Georgia
Mississippi
Tennessee
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