Who should use no-cost mortgages?

The longer the loan term, the higher the cost
Published on Aug 2, 2004

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by CareyBot

(This is Part 1 of a three-part series. See Part 2: Why select a no-cost mortgage? and Part 3: Lenders roll out no-cost-mortgage deals.) “Why wouldn’t anyone in his/her right mind take a no-cost mortgage if he/she could find one?” Because ...