No Cost mortgage
Definition
A mortgage on which all settlement costs except per diem interest, escrows, homeowners insurance and transfer taxes are paid by the lender and/or the home seller.
Related Terms Other terms related to 'No Cost mortgage' starting with the letter 'N' Net jumping, Negative amortization cap, No asset loan, Negative points, Non conforming mortgage Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 