Finance
A NJ lender who provides a 'no cost' mortgage refinance to a borrower is typically:
ACharging no fees whatsoever
BRolling closing costs into the loan balance or charging a higher interest rate to cover costs✓ Correct
CProviding a government grant
DWaiving all origination requirements
Explanation
A 'no cost' refinance does not eliminate costs—it either includes them in the loan balance (increasing the amount owed) or incorporates them into a higher interest rate. The borrower still pays; it's a question of when and how.
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