Finance
In Missouri, a 'no-cost refinance' means:
AThe borrower pays no fees whatsoever
BClosing costs are rolled into the loan balance or covered by a higher interest rate✓ Correct
CThe government pays closing costs
DRefinances are always free under state law
Explanation
A no-cost refinance means the borrower doesn't pay costs at closing—either because they are rolled into the loan balance (increasing the debt) or offset by a higher interest rate (lender credit).
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