$500 Closing Costs
Want to reduce your closing costs?
At East West Mortgage we can close your mortgage for a one-time closing fee of just $500! See details below.
Find out how New England’s leading mortgage lender can help you save money on your mortgage.
We’re there when you need us.
For more information, or to apply for a mortgage, call 1-800-EastWest or apply online.
Important Information about our $500 Closing Costs Program
Your total closing costs for your loan will be $500.00.
There are no additional costs such as application, processing, underwriting, lender or doc prep fees. You don’t pay extra for the appraisal, credit report, flood determination or tax service. It won’t cost you anything for attorney/closing fees, title searches, title insurance or recording fees.
We will provide you with a good faith estimate of the costs which binds us to the disclosed fees. You won’t get some closing cost worksheet or other document meant to get around providing you with a true good faith estimate.
Other programs for which you may qualify are available which may offer a lower interest rate. These programs have additional closing costs but may result in lower monthly payments and total cost to you over the life of the loan.
Program Qualifications – Closing cost pricing of $500.00 is offered for the purchase or refinance of your primary residence.
Minimum credit scores are required – Conventional/Conforming loan programs require a credit minimum qualifying credit score of 740 for each borrower. FHA loan programs require a minimum qualifying credit score of 640 for each borrower.
Minimum Loan Amount – $200,000.00
Maximum LTV – 75.00%
$500 Closing Cost Program – Annual Percentage Rate (APR) Disclosure
Effective Date 1/19/2012
Loan Amount: $225,000 Term: 360 Months LTV: 75%
Interest Rate: 4.250% Program: Fixed Rate Closing Costs/Fees: $500.00
APR: 4.269% Monthly Principal and Interest Payment: $1,107.00
Payment shown does not include taxes or insurance. Your payment may be greater.
Cash out refinances under the $500 closing cost program have additional conditions that determine the rate offered.
Call 1-800-327-8937 for additional information.
“Closing costs” as defined for this program do not include taxes, hazard/flood insurance premiums, per diem interest or escrows due at or prior to closing. All taxes must be current and all insurance premiums paid to date at the time of closing. FHA loans will have additional premiums associated with the mortgage insurance which are the borrower’s responsibility. These FHA premiums may be paid at closing or financed through an increase in the loan amount. It is assumed that you hold or will hold good title to grant a first lien mortgage position. Title issues that must be resolved prior to closing and the costs associated with resolving those issues as well as subordination fees paid to other lenders for the subordination of home equity lines or second mortgages are the responsibility of the borrower.
