Finance (alternative)
A Maryland borrower who selects a 'no-cost mortgage' should understand that:
AThere are truly no costs associated with the loan
BThe costs are rolled into the loan or offset by a higher interest rate — they don't disappear✓ Correct
CThe government pays all costs for first-time buyers
DOnly origination fees are waived
Explanation
A 'no-cost' mortgage has the same underlying costs, but they are paid through a higher interest rate (lender credit) or rolled into the loan balance rather than paid upfront at closing.
Related Maryland Finance (alternative) Questions
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