Finance
A 'no-closing-cost' loan typically means:
AThe lender waives all fees for qualified borrowers
BThe closing costs are rolled into the loan balance or paid through a higher interest rate✓ Correct
CThe seller must pay all closing costs
DGovernment subsidizes the closing costs
Explanation
A no-closing-cost loan either rolls the closing costs into the loan balance (increasing the loan amount) or offers a higher interest rate in exchange for the lender paying the closing costs.
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