What is “no-cost” refinancing?

 

Lenders often define “no-cost” refinancing differently, so be sure to ask about the specific terms offered by each lender. Basically, there are two ways to avoid paying up-front fees.

The first is an arrangement in which the lender covers the closing costs, but charges you a higher interest rate. You will pay this higher rate for the life of the loan.

Tip: Ask the lender or broker for a comparison of the up-front costs, principal, rate, and payments with and without this rate trade-off.
The second is when refinancing fees are included in (“rolled into” or “financed into”) your loan—they become part of the principal you borrow. While you will not be required to pay cash up front, you will instead end up repaying these fees with interest over the life of your loan.

Tip: When lenders offer a “no-cost” loan, they may include a prepayment penalty to discourage you from refinancing within the first few years of the loan. Ask the lender offering a no-cost loan to explain all the fees and penalties before you agree to these terms.

 

NATIONAL BANK OF GEORGIA
FHA MORTGAGE DEPARTMENT
2234 WEST BROAD STREET
ATHENS, GA  30606
Phone: (706) 355-3122

NATIONAL GUARANTY MORTGAGE COR
FHA MORTGAGE DEPARTMENT
5825 GLENRIDGE DR BL 3 STE 101
ATLANTA, GA  30328
Phone: (404) 250-3595

NATIONS BANK MORTGAGE CORP OF
FHA MORTGAGE DEPARTMENT
2059 NORTHLAKE PKWY
TUCKER, GA  30085
Phone: (404) 491-4481

NATIONS FUNDING GROUP
FHA MORTGAGE DEPARTMENT
771 SPRING STREET NW SUITE 109
ATLANTA, GA  30308
Phone: (404) 877-0177

NATIONSBANC REAL ESTATE SRVRS
FHA MORTGAGE DEPARTMENT
9639 HIGHWAY 5 STE 103
DOUGLASVILLE, GA  30135
Phone: (404) 491-4468

NATIONWISE MORTGAGE CORPORATIO
FHA MORTGAGE DEPARTMENT
2001 MLK JR DRIVE SUITE 419
ATLANTA, GA  30310
Phone: (404) 752-7600

NCF MORTGAGE CORPORATION
DBA PRIME LENDING
210 BOBBY JONES EXPRESSWAY
AUGUSTA, GA  30907
Phone: (404) 863-5626

NDB MORTGAGE SERVICES INC
FHA MORTGAGE DEPARTMENT
1065A RALPH D ABERNATHY BLD SW
ATLANTA, GA  30310
Phone: (404) 753-1414

NETWORK MORTGAGE SERVICES INC
FHA MORTGAGE DEPARTMENT
1400 BUFORD HWY BLDG M SUITE 3
SUGAR HILL, GA  30518
Phone: (770) 271-7088

NEW HEIGHTS CAPITAL LLC
BLDG 14, SUITE 200
2900 CHAMBLEE TUCKER RD, NE
ATLANTA, GA  30341
Phone: (678) 530-9989

NEW HOMES FINANCIAL SERVICES
FHA MORTGAGE DEPARTMENT
1605 MANSELL ROAD SUITE C
ALPHARETTO, GA  30004
Phone: (770) 587-4737

NEW HORIZON MORTGAGE INC
FHA MORTGAGE DEPARTMENT
5855 JIMMY CARTER BLVD STE 150
NORCROSS, GA  30071
Phone: (770) 840-4511

NEW SOUTH MORTGAGE INC
FHA MORTGAGE DEPARTMENT
110 CORPORATE DRIVE
CARROLLTON, GA  30117
Phone: (770) 214-0696

NF INVESTMENTS INC
CHIEF FINANCIAL OFFICER
1669 PHOENIX PKWY 150
ATLANTA, GA  30349
Phone: (770) 909-7999

NORTH GEORGIA NATIONAL BANK
FHA MORTGAGE DEPARTMENT
350 W BELMONT DRIVE
CALHOUN, GA  30701
Phone: (706) 629-6499

NORTHERN SOLUTIONS INC
FHA MORTGAGE DEPARTMENT
777 CLEVELAND AVENUE
ATLANTA, GA  30315
Phone: (404) 763-9933

NORTHLAND SERVICES INC
FHA MORTGAGE DEPARTMENT
35B SOUTH PEACHTREE ST.
NORCROSS, GA  30071-2503
Phone: (770) 455-3860

NORTHPOINT CAPITAL INC
FHA MORTGAGE DEPARTMENT
1770 INDIAN TRAIL ROAD STE 175
NORCROSS, GA  30093
Phone: (770) 381-8260

NORTHPOINT HOME LOANS INC
FHA MORTGAGE DEPARTMENT
4360 GEORGETOWN SQUARE STE 803
ATLANTA, GA  30338
Phone: (678) 285-0127

NORTHWEST GEORGIA BANK
FHA MORTGAGE DEPARTMENT
5063 ALABAMA HWY
RINGGOLD, GA  30736
Phone: (706) 965-3000

OCONEE STATE BANK
FHA MORTGAGE DEPARTMENT
35 NORTH MAIN STREET
WATKINSVILLE, GA  30677
Phone: (706) 769-3628

ONE WORLD INTERNATIONAL MORTGA
FHA MORTGAGE DEPARTMENT
5302 BUFORD HIGHWAY STE B6
ATLANTA, GA  30340
Phone: (770) 451-6060

OXFORD CAPITAL LLC
FHA MORTGAGE DEPARTMENT
665 MARIETTA STREET
ATLANTA, GA  30313
Phone: (678) 244-0715

P AND R MORTGAGE SERVICES INC
FHA MORTGAGE DEPARTMENT
925 MAIN STREET SUITE 107
STONE MOUNTAIN, GA  30083
Phone: (770) 981-7946

PARAMOUNT FINANCIAL GROUP INC
FHA MORTGAGE DEPARTMENT
6425 POWERS ROAD SUITE 285
ATLANTA, GA  30339
Phone: (770) 980-6117

PARK AVENUE BANK

3102 NORTH OAK STREET EXT
VALDOSTA, GA  31602
Phone: (912) 242-7758

PEACH CITY MORTGAGE INC
FHA MORTGAGE DEPARTMENT
1895 PHOENIX BLVD STE 107
COLLEGE PARK, GA  30349
Phone: (404) 285-5159

PEACH STATE MORTGAGE CORPORATI
FHA MORTGAGE DEPARTMENT
135 POWERS FERRY RD
MARIETTA, GA  30067
Phone: (770) 565-7556

PEACHTREE BANK
FHA MORTGAGE DEPARTMENT
9570 MEDLOCK BRIDGE ROAD
DULUTH, GA  30097
Phone: (770) 814-8100

PEOPLES BANK WEST GEORGIA
FHA MORTGAGE DEPARTMENT
119 MAPLE STREET
CARROLLTON, GA  30117
Phone: (770) 838-9608

PERIMETER CITY MORTGAGE
FHA MORTGAGE DEPARTMENT
6030 GA HWY 85 – SUITE 106
RIVERDALE, GA  30274
Phone: (770) 909-4373

PERIMETER MORTGAGE FUNDING
FHA MORTGAGE DEPARTMENT
2835 BRANDYWINE RD SUITE 102
ATLANTA, GA  30341
Phone: (770) 454-1500

PHOENIX FINANCIAL GROUP INC
FHA MORTGAGE DEPARTMENT
6000 LAKE FORREST DR NW STE425
ATLANTA, GA  30328
Phone: (404) 256-3233

PHOENIX GLOBAL MORTGAGE CORP
FHA MORTGAGE DEPARTMENT
1010 HUNTCLIFF – SUITE 2315
ATLANTA, GA  30350
Phone: (770) 518-2440

PIEDMONT FUNDING GROUP INC
FHA MORTGAGE DEPARTMENT
750 HAMMOND DR BLDG 18 STE 350
ATLANTA, GA  30328
Phone: (404) 256-0520

PIEDMONT MORTGAGE CORPORATION

2900 PIEDMONT ROAD
ATLANTA, GA  30305
Phone: (404) 812-4699

PINE STATE MORTGAGE CORPORATIO
FHA MORTGAGE DEPARTMENT
6065 ROSWELL ROAD NE STE 120
ATLANTA, GA  30328
Phone: (404) 252-5272

PINE VALLEY MORTGAGE CORPORATI
FHA MORTGAGE DEPARTMENT
4126 PLEASANTDALE RD STE A14
ATLANTA, GA  30340
Phone: (770) 453-9000

PINNACLE BANK NA
FHA MORTGAGE DEPARTMENT
844 ELBERT STREET
ELBERTON, GA  30635
Phone: (706) 283-2854

PLATINUM CAPITAL MORTGAGE INC
FHA MORTGAGE DEPARTMENT
3300 N.E. EXPRESSWAY BUILD 4-J
CHAMBLEE, GA  30341
Phone: (770) 455-4355

POWER MORTGAGE COMPANY GEORGIA
FHA MORTGAGE DEPARTMENT
114 MILL STREET
WOODSTOCK, GA  30188
Phone: (404) 926-0600

PREFERRED LENDING GROUP
FHA MORTGAGE DEPARTMENT
210 MAIN STREET
LOGANVILLE, GA  30052
Phone: (770) 466-1954

PREMIER FINANCIAL SERVICES INC
FHA MORTGAGE DEPARTMENT
2444 HIGHWAY 120
DULUTH, GA  30097
Phone: (770) 476-5044

PRESTIGE MORTGAGE CO INC
FHA MORTGAGE DEPARTMENT
1742 MT VERNON RD SUITE 305
DUNWOODY, GA  30338
Phone: (770) 804-8402

PRESTIGE MORTGAGE SERVICES INC
FHA MORTGAGE DEPARTMENT
7440 HIGHWAY 92 STE 120
WOODSTOCK, GA  30189
Phone: (404) 591-4810

PRIMARY CAPITAL ADVISORS LLC
FHA MORTGAGE DEPARTMENT
2100 RIVEREDGE PARKWAY STE 950
ATLANTA, GA  30328
Phone: (404) 365-9300

PRIME BANK FSB
MORTGAGE UNDERWRITING
101 WEST PONCE DELEON AVE
DECATUR, GA  30030
Phone: (404) 377-0211

PRIME MORTGAGE NETWORK INC
FHA MORTGAGE DEPARTMENT
250 MAIN STREET
LOGANVILLE, GA  30249
Phone: (770) 554-0202

PRIMROSE MORTGAGE CO INC
FHA MORTGAGE DEPARTMENT
3207 S CHEROKEE LANE STE 410
WOODSTOCK, GA  30188
Phone: (678) 841-1100

PRODUCTIVE MORTGAGE CORPORATIO
FHA MORTGAGE DEPARTMENT
5536L OLD NATL HWY STE 100
COLLEGE PARK, GA  30349
Phone: (404) 766-1599

PROFESSIONAL LENDING LLC
FHA MORTGAGE DEPARTMENT
3529 WALTON WAY EXT
AUGUSTA, GA  30909
Phone: (706) 733-3340

PROVIDENCE MORTGAGE INC
FHA MORTGAGE DEPARTMENT
2001 MONTREAL ROAD SUITE 106
TUCKER, GA  30084
Phone: (770) 493-1000

QUALITY MORTGAGE SERVICES INC
FHA MORTGAGE DEPARTMENT
126 ENTERPRISE PATH STE 207
HIRAM, GA  30141
Phone: (770) 439-2113

REAL ESTATE FINANCIAL SVCS INC
DBA DEBORAH JANICKI
3875 MANSELL ROAD SUITE 200
ALPHARETTA, GA  30022
Phone: (770) 594-7337

REPUBLIC MORTGAGE CORP
FHA MORTGAGE DEPARTMENT
150 INTERSTATE N PKWY STE 160
ATLANTA, GA  30339
Phone: (404) 984-1744

RESIDENTIAL MTGAGE SOURCE INC
FHA MORTGAGE DEPARTMENT
1930 HUDSON BRIDGE ROAD
STOCKBRIDGE, GA  30281
Phone: (770) 210-6423

RESOLUTION MORTGAGE SERVICES I
FHA MORTGAGE DEPARTMENT
3625 HUTCHINSON ROAD
CUMMING, GA  30130
Phone: (770) 887-2247

RHODES FINANCIAL SERVICES INC
FHA MORTGAGE DEPARTMENT
610 RONALD REAGAN DRIVE
EVANS, GA  30809
Phone: (706) 855-0609

RIVERSIDE BANK
FHA MORTGAGE DEPARTMENT
1200 JOHNSON FERRY ROAD
MARIETTA, GA  30068
Phone: (770) 977-8585

ROCKDALE NATIONAL BANK
FHA MORTGAGE DEPARTMENT
1000 GEORGIA HWY 138
CONYERS, GA  30013
Phone: (770) 785-7238

ROME MORTGAGE CO
FHA MORTGAGE DEPARTMENT
413 SHORTER AVENUE, SUITE 111
ROME, GA  30165
Phone: (706) 290-1111

ROSSVILLE BANK
FHA MORTGAGE DEPARTMENT
316 CHICKAMAUGA AVE
ROSSVILLE, GA  30741
Phone: (706) 861-8891