6 truths about no-cost mortgages

While buyers avoid overcharges, they also pay a higher interest rate

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"Is shopping for a no-cost mortgage a good strategy in today’s market?"

No-cost mortgages are relatively easy to shop because of their simplicity, and this is as true today as it was when I last visited the question in 2004. Greater simplicity increases the likelihood of finding a better deal or avoiding a worse one. Yet borrowers who expect to have their mortgage for a long time may be ill-served by a no-cost mortgage and would do well to consider an alternative strategy.