Summary
Last week I answered a reader's question regarding the so-called "no-cost" refinancing program.
The reader questioned the validity of the term because in the real world nothing comes free.See the full content of this document
Extract
Balancing the Costs of 'No Cost'
As an enthusiastic proponent of this program for the last 15 years, I explained that the interest rate on a zero-cost refinancing loan should be about 1/4 percent higher...
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