No Closing Cost Mortgage & No Cost Refinance in California
There are times when you have enough money to pay your mortgage every month, but the closing costs can eat up a chunk of that, creating a financial barrier to entry that can make you feel like the dream of homeownership is slipping through your fingers.
Fortunately, at LBC Mortgage, we understand that sometimes the high cost of closing costs can affect your options, which is why we’re proud to work with an extensive network of lenders who offer no closing cost mortgages in California.
What is a No Closing Cost Mortgage in California?
There are a variety of fees and costs that get lumped into a general category called “closing costs”, and these are costs that are necessary before you actually purchase the home. They can include things like the cost of the home appraisal, property taxes, title insurance and so on. The amount can add up quickly. However, a no cost mortgage in California may be able to help.
With a no closing cost mortgage in Los Angeles or no cost refinance in California, the lender pays these fees up front, but then adds a bit higher interest on the loan later on. Keep in mind that a no closing cost mortgage or a no cost refinance doesn’t mean you don’t have to pay the closing costs; only the time you pay them is different. With this type of mortgage you’ll pay a bit more over time than you would if you paid the costs up front, however we understand that in some cases that simply isn’t possible.
What Our Clients Say About Us
My husband and I bought a house through LBC Mortgage company. Alex made it so easy on us! To be honest, I was terrified of all the paperwork buying a house and getting a loan assumes. I was pleasantly surprised! Alex and his team helped us with getting loan approved and close fast. I would highly recommend this company.
I must say that this office is one of the few businesses I can always count on, both professionally and personally. So when it comes to California real estate funding in general and residential in particular, I’ve been entrusting my dear clients ranging from locals to foreigners to these good folks that I trust with my own loans!
Excellent experience all around From the initial mortgage application, to the closing. I want to thank everyone involved in getting this file closed and funded . It was a tricky file and Alex and his team went above and beyond to get it resolved. Highly Recommended !!! A+ Service.
Great company and easy to deal with them. Very understandable and prompt. I was dealing with Alex and he helped closing loan on time. LBC mortgage kept their words and provided 5 star service.
I am getting into the business of investing in real estate , in this business you need to act fast , and you need to be able to get financing for the property super fast ( or pay cash ). Alex approved me for the loan fast , escrow was closed on the 27th day!!! And got me a rate almost a full percent lower than i was expecting. I will contacting Alex for sure for my next investment purchase.
LBC Mortgage team did a wonderful job with my new home loan. They were efficient, friendly, and did a great job from the beginning to the end. They even got me a lower rate on my loan than I was expecting. If we ever need a new mortgage. I’ll definitely be calling LBC Morgage again.
Is a No Closing Cost Mortgage Right for You?
Having to pay fewer fees up front can help alleviate the financial stress of added costs when buying a home. If it’s your first home loan, it’s understandable that it can be difficult to have enough funds set aside for all of the costs involved in making your purchase. However, it’s worth working with a knowledgeable company that specializes in no closing cost mortgages in California so that you can better understand the process and the steps along the way.
At LBC Mortgage we understand that whether it’s your first home, your second home or you’re relocating or building a home, you have many questions. We’re happy to take the time to answer all of your questions and work with you to understand which type of loan is best for your needs. Our expertise and experience in alternative types of loans, including no closing cost mortgages, no income verification mortgage loans and much more. These types of loans are also ideal for the self employed or those who have complex income situations where a traditional mortgage may not be the right fit.
Fortunately, we’d be delighted to work with you to help you choose the right type of mortgage and help you get financed at a great rate. We work with all types of lenders, so oftentimes we can help you get financing when banks and other lenders refuse. Contact us today to learn more about our no closing cost mortgage loans in California current rates as well as whether or not this type of home loan could be right for your situation.