No Closing Costs from DNJ Gateway Mortgage Means No Hidden Cost, Guaranteed!
You know the old saying: “If it sounds too good to be true, it probably is.” Most of the time, we agree with that statement. In fact, when many mortgage companies talk about a loan with no closing costs, what they really mean is a hidden cost mortgage that’s referred to as a no cash at closing loan.
It may sound great to bring $0 to closing, but you need to be advised that you are increasing your loan balance. That’s because they’ll simply roll your origination fees, attorney fees and thousands of dollars in other fees into your mortgage total, costing you thousands more over the life of the loan than it should have.
No Closing Costs? Really? YES!
At DNJ Gateway Mortgage, our position is clear: There will be no closing costs on your mortgage in Maryland, Virginia, North Carolina, South Carolina, Georgia or Florida, and nothing is added to your loan balance. Ever.
Here are some 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.
Get the No Hidden Cost Mortgage Your Deserve
If you’re tired of second guessing mortgage company hidden cost offers, come to the real no closing costs loan provider for Maryland, Virginia, North Carolina, South Carolina, Georgia and Florida.
Learn more today by calling one of our North Carolina offices, or contact us toll free at 877-9-NO-COST (877-966-2678)!
DNJ Gateway Mortgage proudly serves clients in Raleigh, Durham, Chapel Hill, Cary, Apex, Greenville, Fayetteville, Fort Bragg, Greensboro, Winston Salem, High Point, Wilmington, and Charlotte, NC, and surrounding areas. We also offer mortgages in South Carolina, Virginia, Maryland, Georgia and Florida.
