So EZ Mortgage offers a no closing cost option on many of our loan programs. With this option, our lender credit covers all title, appraisal, and 3rd party fees resulting in absolutely zero closing costs paid by the borrower. Many banks offer a "no point" mortgage where they don't charge fees, however the borrower still must pay for some items such as title and appraisal fees. With our true no closing cost mortgage, the borrower pays no closing costs, period!
We lend all over the state of California and Arizona. We have partners in Virginia, Texas and Colorado. You may visit our office by appointment, located in Maricopa, Arizona.
Michael J. Hansen is an honorable USAF veteran. He joined during war on 12/11/2001 and was awarded the Air Force Achievment Metal as well as the Outstanding Unit Award.
Michael planned to retire from the military, however after his first shirt recieved a letter from his mothers doctor insisting that his presense was vital to her survival, he left the USAF and spent her remaining months at her side, but not before searving one short tour oversease.
Green is the new black. In fact, it has been the new black for a while, with environmentally responsible companies the world over looking for cost-effective, high-impact ways to become more environmentally friendly.
So EZ Mortgage is protected by 2 step verification and Google Vaults optimum business encrypted email and document protection. One of the safest systems available in the world today for online businesses.
Most lenders hire processors to process your paperwork exposing your sensisitive data to unknown risks. We processes our own loans, keeping your data private.
We only use HTTPS websites.
When you need a quote, we will provide it in less than 60 seconds and send a copy to your email without having to run credit or take your application. Most lenders will avoid talking about pricing and string you on until the end on what your actual funds to close will be and how much you are paying in closing cost.
100% of our loans close within the lock or contract period. In most cases your loan will be approved in 1 day and clear to close with appraisal in by the 14th day.
Q: Why is a No Closing Cost loan a big deal? Will I really benefit and save money?
A: The national average that a homeowner pays for closing costs is $2,748. Our No Closing Cost customers avoid having to pay this $2,748 without having to take a higher rate, which results in a huge savings. It also makes refinancing a “no brainer”. With a lower interest rate, you will save money and it won’t cost you anything.
Bob & Gaby
Q: Do you charge a higher interest rate on the No Closing Cost loan program?
A: Our No Closing Cost rates are typically at or below the national average. You can expect to get an interest rate that is just as low as what other places are offering but with us, you will avoid paying for all those closing costs.
Q: If there are no closing costs, how does So EZ Mortgage make money?
A: We pay for your closing costs with some of the revenue that we make when we release the servicing of the loan in the secondary mortgage market. After paying for your closing costs, we still profit although our margins are not nearly as high as some other lenders and banks. We receive a lot of referrals and repeat clients which is a big part of our success and helps us keep our exceptional pricing.
Q: What is the minimum loan amount required for the No Closing Cost mortgage?
A: This varies with changes in the market the minimum loan amount we will approve is $75,000.
Do I need to sign a lock in agreement to lock my rate?
A: Yes you do. We are taking the risk by setting aside this money at a paticular rate, if rates shoot up, we will deliver your loan at the lower locked rate. We will not bail on you and we expect the same from you. Shop before you lock. You will be impressed how much you are saving with So EZ Mortgage.
Q: Is the appraisal fee included in the No Closing Cost mortgage?
A: Yes. With regards to the appraisal fee, borrowers will pay upfront for this service (typically $540-$650) and So EZ Mortgage will reimburse this fee at closing. If for any reason other than you supplying false information, the loan does not close, So EZ Mortgage would reimburse the appraisal fee.
Brett & Michell
Q: Does the No Closing cost loan have a pre-payment penalty?
A: No, we do not offer any products at So EZ Mortgage with negative features such as a pre-payment penalty. However we require all our clients to make at least 6 payments before paying off their loan if they take advantage of the no closing cost loan. We prefer you keep your loan for at least 12 months before redoing your loan. However we are willing to drop your rate after 6 months to make sure you always have the lowest rate for no cost.
Q: What is a rate protection guarantee?
A: A rate protection garantee means the lender garantees they will allow you to take advantage of the lowest rate available for no cost when the time comes. It actually does not give you any protection. Most lenders require you to watch the rates and ask if you quialify by submitting your certificate. At So EZ Mortgage, we have autimated the process and you will be notified instantly via email quote when you can save and how much you can save.
Jerry & Melissa
Do you offer down payment assistance?
We offer something like down payment assistance. We believe that our programs are better than down payment assistance programs.
We will assist you with everything except the down. No closing cost, no lender cost, we will even provide a credit covering your initial deposit into your escrow account and first year of home owners insurance.
If you compare our offer with a down payment assistance program, you will most likely bring in less funds at closing and have a lower monthly payment using our federal home loan program.
Another thing that separates our program apart from down payment assistance, is that you do not have to be a first time home buyer, you can even keep your existing home if you have one already.
Cheyenne & Dakota
Why would you take so much risk and offer a line of credit that always increases regardless of the value of t he home?
The HECM loan is insured by FHA and Ginnie Mae. The investor takes no risk at all, and neither does the beneficiary.
FHA protects the beneficiary by insuring 3% or more of the equity in the home regardless of home values. Meaning if you sold the home and the sale price does not net you 3% of the proceeds, then FHA will make up the difference. The actual investor is Ginnie Mae on these types of loans regardless of what broker or lender originates the loan. The feds have extremely high confidence that home values will increase over the next 30 years.
James & Sharon
Why would would someone want a HECM?
The new HECM is providing senior citizens with the increased ﬂexibility they need in planning for their retirement and ﬁnancial security.
The feds have recently expanded the program to allow for HECM purchase. This has never been done before. Typically, if a senior wants to downsize their home for retirement, they have to sell their home, buy a new home pay closing cost to get the loan, and then refinance into a reverse mortgage and pay even more fees. With the SO EZ HECM Purchase, you can sell your home and purchase the new home with the HECM, no income needed to qualify and no $6,000 origination fee with us.
Tom & Lana
Don't all lenders offer Fannie Mae and Freddie Mac loans and virtually have the same pricing?
Most lenders including So EZ, do offer Fannie and Freddie loans. Although we all get the same rate and credit from Fannie and Freddie, the pricing is up to the lender and or broker.
For example, So Lame Bank offers 4.375% rate with 0 credits to you and $900 in closing cost. So EZ Mortgage offers you the same rate with a 1% credit to you more than covering all closing cost making it a truly free loan.
How can So EZ provide better pricing than the big banks? Efficiency, the more efficient your lender is, the less they need to charge. Even if they charge $0 on the front, they are charging something on the back end. The less they charge on the back end, the lower your rate and the more credit you get if any.
Every Client, Every Time