No-Cost Mortgage Loans

Understanding NO-COST Mortgage Loans

Whether considering a refinance or purchasing a new home, it is important to understand the costs associated with a mortgage loan. At Advanced Funding Home Mortgage Loans, we are here to address that concern with the best no-cost mortgage options in Salt Lake City and all of Utah. A no-cost mortgage is designed for borrowers who do not want to spend funds to pay for closing costs or do not want to add them to their total loan amount.

Are You a Good Candidate?

Whether or not this type of program is right for you depends on your individual situation. A no-cost mortgage in Utah is generally a good option if you are not planning to stay in your home for more than five years. Refinancing into a more traditional mortgage and paying the closing costs and fees is sometimes the better option for those planning on staying in their home and not refinancing for a longer period of time.

Benefits and Features

Whether you're buying a new home or refinancing to reduce your interest rate, consolidate debt, or any other reason, there are costs associated with a home loan. A no-cost loan allows you to reduce or eliminate the costs in exchange for a higher interest rate. However, there are definite benefits to a no-cost loan.

  • No out-of-pocket costs

  • Have a lower loan amount

  • Begin seeing savings immediately

  • No need to calculate the time needed to break even

While there are many factors to determine how much savings you’ll get from this option we recommend exploring all of your options before making a final decision. Let one of our mortgage brokers discuss your loan choices with you by contacting us at 801.272.0600.

Ready to Stary Your No-Cost Loan?
Get Started

Mortgage Calculator

Advanced Funding Logo

Your Mortgage Broker

As a mortgage broker in Utah, we work with several mortgage lenders, enabling us to offer you a variety of Utah mortgages and refinance home loans at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more home loan options to help you achieve your goals. Whether you're buying a home or refinancing, Advanced Funding is here to help. Our mortgage loan officers are available to help you during regular business hours or a time that is more suitable to your needs. Call today for more information, 801-272-0600.

Experience Matters

As one of the most trusted and respected mortgage companies in Utah, Advanced Funding Home Mortgage Loans offers a variety of purchase mortgage and refinance products. Our licensed mortgage brokers are both knowledgeable and experienced to ensure you a pleasant home loan experience at the best interest rates available. We combine the use of technology, impeccable service, a dynamic management team, along with a well-trained, and experienced staff to produce results, such as great mortgage rates, low fees, and most importantly, a fast and pleasant loan experience.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

Better Business Bureau Seal

NMLS ID 13287 | Privacy Policy | Licensing | Employee