Our True No Cost Loan vs. Their Hidden Costs

We’ve all heard the old maxim, “If it’s too good to be true, It’s not true.” We understand that you might be skeptical when we say that there are no costs or fees with our No Closing Costs loan. Our position is clear: There will be no closing costs and nothing is added to your loan balance.

There are many companies who are not as clear about how their loan programs work. One way the picture can become unclear is when a $0 to close loan offer is made. However, there is a big difference between No Closing Costs and No Cash at Closing.

It may sound great to bring $0 to closing but you need to be advised that you are increasing your loan balance. Other companies may be adding thousands of dollars in costs and fees to the balance of your loan and then telling you “you won’t write a check a closing.”

There are Easy Ways to Recognize a True No Closing Costs Loan:

• Review the Good Faith Estimate. There will be a negative number (credit) on line 802 that should equal all the other costs on the Good Faith Estimate.
• Your new loan amount will be identical (or close) to the current balance of your loan.
• Your loan officer will show you a Transaction Summary clearly displaying that the costs are paid by the mortgage company.

DNJ Gateway Mortgage: The No Cost
Mortgage Specialists

Don’t be fooled by their hidden mortgage costs — call DNJ Gateway Mortgage to discuss our true No Cost loans.

With loan offices in Raleigh, Greenville, and Wilmington, DNJ works with homeowners and home buyers across the Southeast. We offer mortgages in North Carolina, South Carolina, Virginia, Maryland, Georgia and Florida.