Most people who are planning to refinance the existing mortgage are worried that they might end up paying a lot of extra fees. Altius Mortgage offers the best no-cost mortgage in Salt Lake City, Utah, giving you the chance to refinance your mortgage without having to spend more money up front.
A no-cost mortgage is a financing program designed for borrowers who want to refinance in Utah, but do not have the cash to pay closing fees or do not want to add to their total loan amount in the process. This lending option allows you waive the fees associated with the loan application so you can lower your rate or get into a better loan situation without any added expenses. Altius Mortgage brokers will provide the information you need and help you decide if a no-cost refinance mortgage in Utah is right for you.
Are You a Good Candidate?
Whether or not this type of program is right for you depends on your individual situation. A no-cost mortgage in Utah is generally a good option if you are not planning to stay in your home for more than five years. Refinancing into a more traditional mortgage and paying the closing costs and fees is sometimes the better option if you can recover the costs in about five years; if not, choose the no-cost option.
The purpose of a no-cost Utah refinance program is to make the home buying or refinancing process more convenient by providing an option to waive the closing fees. Contact us today so we can discuss the mortgage rate and the benefits that this loan option offers.