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How to get cash back on your mortgage refi or purchase

Posted on: 28th Apr, 2009 01:52 pm
Hello,

My name is Joe from NJ. I wanted to recommend an online mortgage company that is available in every state. This company gave me a great 30 yr. fixed rate and also has a "cash back" incentive. I actually recieved $2600 cash back.

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i hope this is not an advertisement. but, in the case of a purchase transaction you cannot offer to give a borrower money back. on a refinance, we can do a "rate & term" transaction with no adjustment to the rate for "cash-out" purposes and getting you, the customer, up to $2,000. the "cash back" incentive does not seem to fit with in state laws as far as i know.
Posted on: 28th Apr, 2009 02:15 pm
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