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Updated almost 4 years ago,

George P.'s profile image
George P.'s profile image
George P.
  • Real Estate Investor
  • from Baltimore, Maryland
  • Member since Jul 25, 2008
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1,493
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268
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George P.'s profile image
George P.'s profile image
George P.
  • Real Estate Investor
  • from Baltimore, Maryland
  • Member since Jul 25, 2008
Connect
George P.
  • Real Estate Investor
  • Baltimore, MD
268
Votes |
1,493
Posts
Private Lending & Conventional Mortgage Advice

no-closing cost refinancing

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted

I was always under the impression that no-closing-cost-refi means they roll closing costs into the new loan. However a friend of mine claims he just refied his primary residence (loan around 420k) and the loan originator (not a portfolio lender) paid the closing costs. So the loan originator ate 3k+? Can it really be the case?

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