Skip navigation

No Points/ No Closing Cost Refinance Program

On qualifying loans, Mortgage Financial, Inc. has a No-Cost Refinance Program that truly has NO COSTS, which means no points, no hidden fees, and no surprises.  We don't increase your loan amount to cover the closing costs. It's simple: we pay all the closing costs out of our commission. 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?  Most often, yes! Consider this:

On a $250,000 loan the closing costs to refinance would be approximately $2,300. If you paid this $2,300, the after-tax savings is only about $28 per month! So, it takes 82 months, or almost 7 years to break even.  But what if you invested the $2,300 you did not pay in closing costs?  $2,300 invested at 5% would make you $7 per month, after taxes. Once you take this into account, the actual break-even is actually 9 years, while the average mortgage loan in the U.S. lasts, according to Fannie Mae, only 4.2 years. Also, if rates drop after you close, you can simply refinance again with no closing costs. Compare this to paying (or rolling into your loan) $2000 every time rates drop!

Click here for a recent joint Freddie Mac/Penn State University study outlining the benefits of not paying points (or closing costs).

Play Radio Ad

Mortgage Calculator

Freddie Mac Rates

“We have always enjoyed and benefited from the services provided us by Mark and his competent crew and network. Great Team! Thanks!”

Juanita and Negesse Guterma,
Essex, VT

“The entire process from start to finish was efficient and painless- Thanks! ”

Lynn Berardinelli,
Bristol, VT

“Great availability and responsiveness! It was very helpful that you were able to offer guidance instead of just a rate quote. Thank You!”

Toby Haggerty,
Winooski, VT

“Mark could not have been more helpful, supportive and informative. Thank You!”

Keith and Molly Walsh,
Shelburne, VT

“I was thrilled with the personal service I received. Keep it up.”

Tara Farrell,
South Burlington

“You honestly could not do a better job. ”

Jason Bates and Nancy MacGregor,
Essex

“Thanks so much for making this so easy! We really appreciate it. I will be sure to pass on your name to friends and family.”

Jeff and Heather Smith,
Essex Junction

“Thanks so much. You are all knowledgeable, efficient and trustworthy!”

Dave and Heidi Bouchard,
Hinesburg

“I will definitely tell people where I went for my financing. Your team did an awesome job!! Everything went very smoothly and it was very convenient for me. Thanks for all your help!”

Barbara Wing,
Colchester

“Mark is a professional through and through! We felt like he was always looking our for our best interests.”

John and Sheila Stawinski,
Essex

“Mark and Mortgage Financial did a great job helping us refinance our mortgage. All of our questions and concerns were handled in a timely manner. We received the utmost professional service.”

Jacie and Jeremy Scott,
Colchester

“We want to think you for all your help. We can still hardly believe how easy you made everything. Our friend’s recommendation was right on the money.”

Dave and Lauren Curry,
Westford

“Not only were we approved almost instantly, but we qualified for much more than we expected. We were actually able to buy the house that we really wanted.”

Brian and Jennifer McClintock,
Essex Junction

“Mark made the mortgage process easy and painless. He worked hard for us making a sometimes difficult process seem simple.”

Bob Morris,
Williston

“When I find top notch service I stick with it and I’ve been a repeat customer of Mark’s for the last several years. I’ve had mortgages in the past with banks and credit unions, but none match the caliber of services, information and ease MFI supplies.”

Roger Barnes,
Shelburne

“You are super to deal with. Very responsive and helpful even after the transaction is complete.”

Robert Yandow,
Milton

“Thank you for all your help, advice and support throughout the entire process. I’m looking forward to working with you again in the future. I will mention your name to friends, family and colleagues.”

Joel Epstein,
Monkton

“The experience was almost effortless on our part. I will always recommend you.”

Lee Marchessault,
Williston

“You are absolutely wonderful to work with. Very patient and thorough.”

Cynthia Hebert,
Colchester

“We have always enjoyed and benefited from the services provided by Mark and his competent crew and network. Great team! Thanks!”

Juanita and Negesse Gutema,
Essex, VT

“Mark was amazingly professional and helpful. He returned all corrospondence promptly and answered our many questions fully. We enjoyed working with Mark very much.”

Sandra and Jeffrey Wimette,
Fairfax

BBB Accredited Business Equal Housing Lender

© Vermont Mortgage Advisor. All rights reserved.