No Closing Cost Refinance

The saying is that if it sounds too good to be true then it must be.  So what’s the catch with a no cost refinance for your Fort Lauderdale and South Florida home?  You will get a higher interest rate than those who pay their own closing costs or roll it into their loan.  It is a great option right now and one you should consider.  This is not for everyone and you need to look at the pros and cons.

The good thing about the no closing cost refinance is that if rates drop further you can refinance again without a cost.  The downside is if interest rates never go lower you won’t have the lowest rates available.   Can rates go lower?  Anything can happen but the odds are not in our favor but that is just my opinion. 

Everyone’s circumstances are different so make sure to consider all options and discuss them with your mortgage professional.  What’s best for your neighbor, co-worker, family member, etc. isn’t always best for you.