How To Refinance Your House With No Out of Pocket Costs

Many borrowers don’t realize that refinancing costs for your home are negotiable and it’s even possible to refi with no out-of-pocket closing costs at all. Allow us to explain.

What are closing costs?

• Loan origination
• Discount points (optional)
• Credit Report Fee
• Home appraisal fee
• Title search and title insurance

How No Doc Loans Work

After the financial crash of 2008 most lenders thought they had seen the end of no-doc loans. Often called ‘stated’ loans, because a borrower simply states what they earn, rather than showing physical proof, no doc loans are ideal for certain kinds of borrowers. These generally include non-W2 workers such as the self-employed or those who get lump-sum payments, or others who don’t want too much prying into their finances.

However, it’s not as if anyone can simply approach a lender and get a no-doc loan. Lenders want to ensure their loan can be repaid and so criteria other than pay stubs, W2 stubs and tax returns must be verified to adhere to federal laws.

Why We Are Better

Borrowers are spoiled for choice by lenders willing to offer them cheap loans. It can be confusing knowing where to go. However, we believe certain criteria set us apart from many of our competitors. If you’re looking for a loan in the Orange County to Greater Los Angeles area, there’s no one better than us to get a mortgage from and we’d like to tell you why.

Local Knowledge

We are a team of loan experts with combined experience of over 35 years supplying homeowners and investors with mortgages backed by our strategic lending partners.