Usually people refinance to save money by obtaining a lower interest rate. Refinancing is also a way to convert an adjustable loan to a fixed loan, or to consolidate debt. Traditionally, people would refinance only if the rate difference was significant, as it did not make sense to pay closing costs to save a small amount monthly. However, a No-Cost Refinance Program now makes refinancing for smaller rate changes more appealing.

On qualifying loans, Draper and Kramer Mortgage Corp. offers a No Closing Cost Refinance Program that truly has NO COSTS. This means no points, no hidden fees, and no surprises!

It’s simple…we pay all the closing costs out of our commission and we do not increase your loan amount to cover those closing costs. That’s it! Yes, you pay a slightly higher interest rate, usually 1/8th-1/4% higher, but you save all of the closing costs. No appraisal fees, no attorney’s fees…NO FEES PERIOD! But does a higher rate really make sense? More often than not, the answer is yes!