There really is no such thing as a no cost mortgage loan. There are always costs depending on whether the loan is a purchase or a refinance. The term no cost actually means that your lender is paying the costs of the loan. All a no cost loan means is that there is no cost to you, the borrower.

Thinking about selling your home FSBO (For Sale By Owner)? Learn the pros and cons, challenges, and hidden costs of skipping a real estate agent. Find out if FSBO is the right choice for you.