Erik Bernhardsson & Kristen Connor

Why a no-cost mortgage has historically been the best choice for most borrowers: try our interactive tool

If you refinance or sell your home in the average timeframe, taking lender credits to offset your closing costs (a.k.a., a no-cost mortgage) will save you money in comparison to paying points. “Taking credits” refers to the practice of accepting a higher interest rate (and therefore higher monthly payments) in exchange for cash...

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