True Refi No Closing Cost

[Jessa Batylin]

Our primary home is paid off, we are Refi-Ing and going to use the equity to purchase our 1st flip. Lender #1 is offering no closing cost, same interest rate but less on the LTV only 65%. Lender #2 is offering more LTV 80% but $10k+ in closing cost.

I have not been able to find a lender with a true “no closing cost” all I have found is they roll it back in. Has anyone worked with a lender that truly has a Refi no closing cost? 

[Joe Splitrock]

@Jessa Batylin you are going to pay these fees one way or another. Either they include it in the mortgage, charge it up front or have other fees /higher interest to offset. Ask for a sample settlement statement that should outline all the fees. Compare between lenders line by line. Some lenders will advertise no closing costs, but I have found overall they are a worse deal. They are just playing marketing games.