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Real Estate
Reply to "Refinancing with No Closing Costs: What's the catch?"
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[quote=Anonymous]It just means that your no closing cost lender has a more competitive rate. Just like some lenders can offer 3.75% and some can only offer 3.875% or 4%. The "no closing cost" is probably equivalent to about an eighth or a little more of a percentage point in interest on the loan.[/quote]
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