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Knowledge Base->Mortgage Lender->No closing cost

      When you shop around mortgage, some bankers or mortgage lenders offer you a mortgage with term "No Closing Cost". Some people got confused what it really means. In this situation, the following information may clarify its confusion. Also ask the lender to give you a faith estimate.NoClosingCost.jpg
  1. Your new loan amount must exclude the cost.
  2. You only need to take of Interest you need to pay and Escrow account.
  3. No lender title insurance paid by you (You do need pay your owner title insurance).
  4. No appraisal fee paid by you.
  5. No loan origination fee paid by you.
  6. No other fees paid by you.

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