Mortgage Calculator

All Mortgage Brokers - including those at the bank (if you go directly to the bank) receive payment for locking a loan. Lenox and other No Closing Cost Mortgage Brokers, pay for the closing costs by way of the payment they receive for locking a loan with a bank. They are able to do this and remain profitable because they are one of the corporate giants of the mortgage industry. Lenox and several other Mortgage Companies due in fact pay the closing costs if the loan is large enough (they make their money off of the intrest - i.e. the bank gives them a small cut). I know this because I design software for the loan industry, and am the person who actually programmed fee's, closing costs etc... for many mortgage companies across the US. It's simple Math - no tooth fairy involved and no scam artists - just banks and intrest rates.