30 Year Fixed Rate Zero Cost Loans vs. Lower Rates, Closing Costs

Solomon Financial continues to help homeowners get out of their adjustable rate mortgages and into 30 year fixed rate loans at low rates. Ask your loan officer or broker to show you options where you pay the closing costs and lower your rate. Solomon Financial consultants will show you the break even point to determine if it makes sense.  A true zero cost loan means that when you are done with your purchase loan or refinance, your loan balance will remain exactly the same. Not one penny is added to your loan balance (unless you want cash out). The APR (Annual Percentage Rate) and interest rate are exactly the same.

Without a doubt, zero cost financing is the most compelling loan product we have offered. These two simple, but highly powerful, words immediately conjure up possibility and opportunity in the minds of our buyer prospects.

Many people are under the false impression that zero cost loans cannot be done in most marketplaces, if at all. Many brokers or realtors assume that the majority of zero cost calls they will receive will be from unqualified people who really can't afford to buy. Hopefully this misconception will keep our competitors from finding out about how easy & risk-free zero cost financing is. “We are not afraid to educate our clients on their best options.”  A common reservation is, “Well, I'll be paying for it somehow.” Yes, you will, but not in fees/costs. In many instances there is no “break-even” point on 15-year fixed loans between standard “points and fees” loans and zero cost loans. Paying closing costs IS A GAMBLE that rates won't come down.  Solomon Financial consultants  will prove to you in writing the benefits of a zero cost loan with a loan cost analysis. The numbers don't lie and speak for themselves.

Always ask for a good faith estimate from your loan officer among other important items! On www.freemoneyhour.com, under articles, there is a great publication called “What Loan Officer's Don't Want You To Know.” At Solomon Financial, our consultants will inform you which is the correct loan program for your exact situation at no cost or obligation.

Are you hearing that it's a “no cost loan” but they are forgetting THREE important words: “Out of pocket?” The beauty of the no points, no fees, & no closing costs loan is that if the rates come down, we can refinance you again and it won't cost anything to lower your rate because you don't pay closing costs.