More lenders offering no-cost mortgages

Best candidates are those who plan to hold loan less than 5 years
Published on Sep 24, 2007

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by CareyBot

In a recent article, I examined Bank of America’s new no-fee program for house purchasers, under which lender and third-party fees are absorbed by the bank. On a fixed-rate mortgage, the borrower pays the interest rate and points, and that’s ...