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- – A no closing cost mortgage means you don’t pay for the closing costs associated with getting a mortgage upfront but instead elect to get a slightly higher mortgage rate and receive lender credit to cover closing costs.
Mortgage Closing Cost Fees Associated with Home Purchase – A true "No Mortgage Closing Cost" fits into that saying. Stop and think about this, every business has cost involved to do business. If they do not cover these costs in the normal course of business, they would not be able to keep their doors open.