CashCall Mortgage: Are No Closing Costs Really a Good Deal?

CashCall Mortgage, a southern California based company, has been making waves in the mortgage industry with their unique loan offerings. From no cost refinances to $995 flat fee mortgages, CashCall has been offering borrowers a variety of options to choose from.

One of their standout products is the “No Closing Costs” mortgage, where borrowers don’t have to pay their closing costs out of pocket. Instead, they pay for these costs through a higher interest rate. While this may seem like a great deal upfront, it can end up costing borrowers more over the life of the loan.

CashCall also offers a “Do Over Refi” option for borrowers whose loans recently funded elsewhere, promising a lower fixed rate with no closing costs. Additionally, they provide jumbo loans up to $3 million and have a line of home loans called “Common Sense Loans” with alternative documentation options.

Despite recent increases in mortgage rates, CashCall continues to offer competitive rates by requiring borrowers to pay discount points upfront. While these low rates may seem enticing, borrowers should carefully consider the upfront costs and their financial situation before committing to a loan.

Overall, CashCall Mortgage has been offering innovative loan products to meet the diverse needs of borrowers in today’s market. With their creative solutions and competitive rates, CashCall is a lender worth considering for those in the market for a new mortgage.