MORTGAGE ADVICE
Closing Costs: Who Pays for What
There are certain costs associated with obtaining a home loan. You can’t get around them. Even so-called ‘no closing cost’ loans have them. So, if a lender touts a no-closing cost loan, how can the lender claim there aren’t any costs when there always are? There are always costs, it’s just a matter of who pays for them.
For most, borrowers pay closing costs associated with obtaining a
...David Reed
Writer
David Reed is a multi-published author and mortgage expert. As a Senior Loan Officer and Mortgage Executive he closed more than 2,000 mortgage loans over the course of more than 20 years in commercial and residential mortgage lending.