I just came back from a social event hosted by Fremont Bank and they are offering a zero cost loan for purchases. This is a great opportunity for my buyers to save some money.

Typical fees from lenders include origination fees, doc prep, appraisal, underwriting, rate lock, etc. It can add up fast. Since every purchase contract should be accompanied by your buyer’s cost sheet, very often the lender’s fees can amount to over $2000. That is not too surprising, though, considering that the lender is working for the buyer and has to get paid somehow. However, Fremont Bank is apparently offering this new no cost loan and they told me to just present the coupon when I bring them a buyer and they will honor it. Sounds great and looking forward to try it sometime. It might sound too good to be true but nobody would turn down an opportunity to save money, which is why it is worth trying.

While Re/Max Active Realty already has their preferred lender inside the office (i.e. Bank of America), we really try to ally ourselves with various banks and try to spread the business around. We work hard to get the best rates for our clients and that is why we “shop around.”