Sentences with phrase «higher closing costs simply»

For the most part, nonconforming mortgages will have higher closing costs simply because the largest mortgage fees are calculated as a percentage of your loan balance.

For the most part, nonconforming mortgages will have higher closing costs simply because the largest mortgage fees are calculated as a percentage of your loan balance.

Not exact matches

A «zero - cost» refinance simply means that your lender will charge you a slightly higher interest (often.25 or.50 percent higher than the lowest mortgage interest rate) for the life of your loan in exchange for paying your closing costs.

Even if different lenders are advertising the same interest rate, of say 4.5 percent, the APR of one might be 4.85 percent and of another 5.1 percent — simply because it has higher fees and closing costs to obtain that loan.