– No closing cost mortgage are also referred to as no point, no fees loans (a more accurate description) or no cost mortgage refinance are really simple to understand once you learn a little loan lingo along with some mortgage industry terminology.
Closing Costs and Fees Explained | ZING Blog by Quicken Loans – Get help with purchasing or refinancing a house!. You should ask the lender about fees you may not understand, or think could be lowered.
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No Point No Fee Mortgage Mortgage Programs | Total Mortgage – No closing cost mortgages-also sometimes called no point, no fee loans-are quite popular with consumers. However, the terminology can be confusing, since these mortgages don’t eliminate costs but rather shift them from upfront costs to costs paid over time-a reality some lenders try to downplay.