Personal » Borrowing » Refinance

Should I consider a No Closing Cost Mortgage even if the rate is higher?

If you do not plan to stay in your home for more than five years or anticipate borrowing in the near future, opting for a No Closing Cost Mortgage may be more beneficial. Your interest rate will be a little higher, but you won't have to worry about recouping your closing costs, which could take several years.

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