Yes, this is for real
The "transaction cost" is the cost to get a loan accomplished. Typically these costs range from 1% to over 4% of the loan amount. On a $375,000 loan amount that would amount to approximately $3,500 to $15,000 dollars. Most lenders will give you the option of rolling these transaction costs into the loan amount and call it a no cost loan, but to accomplish this they give you a higher rate.
Completely "transparent" lending
Unlike a typical mortgage broker, we offer a completely transparent process throughout. The loans we provide are at true cost, and we share the numbers to prove it. There are some fees charged for unavoidable costs like title and appraisal, but they are clearly presented and are not inflated.
Like what you hear? Don't believe it? Take another minute on our tour to see the monthly savings with Basis Point's "At Cost Employee Benefit"™. Click here to continue.
* A Note About Rates:
Though the rates above are realistic in relation to each other, they are not live rates, and are for illustration purposes only. Rates can change multiple times every day. For today's rates, please contact us.
