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Lowest mortgage closing cost lender?
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<blockquote data-quote="Captain Ahab" data-source="post: 56088" data-attributes="member: 366"><p><span style="color: #FF0000"></span></p><p><span style="color: #FF0000"></span></p><p>A lot of banks just initiate the loan and get paid through closing costs and pass the actual loan to a third party(you might want to ask if they hold the loan in-house or pass it on). They have more discretion on what they can do if they hold the loan themselves. Some lenders advertise on channels like CNBC about no or low closing costs, but I would be leery of hidden fees and service. In the end, I would go to bank I felt most comfortable with as far as accessibility and service if it was a near push.</p></blockquote><p></p>
[QUOTE="Captain Ahab, post: 56088, member: 366"] [COLOR=#FF0000] [/COLOR] A lot of banks just initiate the loan and get paid through closing costs and pass the actual loan to a third party(you might want to ask if they hold the loan in-house or pass it on). They have more discretion on what they can do if they hold the loan themselves. Some lenders advertise on channels like CNBC about no or low closing costs, but I would be leery of hidden fees and service. In the end, I would go to bank I felt most comfortable with as far as accessibility and service if it was a near push. [/QUOTE]
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