no closing costs?

Jim listens to a lot of talk radio, and he hears ads all the time advertising mortgage refinancing with no closing costs, so he went to the website and submitted our info to see what could be done. We actually have a pretty decent rate on our mortgage for now but hey, if you can lower things and save money - why not look into it? Since then, we’ve been inundated with calls and emails from mortgage companies. One of them called at 8:45 on Saturday morning and gave us access to an online mortgage calculator and we saw that we could lower our payment by at least a few $100 a month. If the whole no closing cost gimmick is true, then I can see how these guys get a lot of business with refinancing secured loans. We’re just in the fact finding stages right now…but I’m interested in learning more.

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