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2. No-closing-cost mortgage: How it works and how to decide if ...

   www.aol.com/finance/no-closing-cost-mortgage...

   How much are mortgage closing costs? Closing costs vary by the home’s cost and location, but you can typically expect to pay about 2 to 5 percent of your total loan amount in closing costs. The ...

3. Guide to no-down-payment mortgages: Am I eligible? - AOL

   www.aol.com/finance/no-down-payment-mortgage...

   These loans don’t require a down payment, but there’s an upfront fee — also known as a guarantee fee — of 1 percent of the principal loan amount which can be financed into the mortgage.

4. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators can be used to answer such questions as: If one borrows $250,000 at a 7% annual interest rate and pays the loan back over thirty years, with $3,000 annual property tax payment, $1,500 annual property insurance cost and 0.5% annual private mortgage insurance payment, what will the monthly payment be? The answer is $2,142.42.

5. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can ...

6. No-closing-cost refinance: What it is and how it works - AOL

   www.aol.com/finance/no-closing-cost-refinance...

   In a typical mortgage refinance, the borrower pays a lump sum at closing to cover costs such as the lender’s origination fee and appraisal fees. In a no-closing-cost refinance, the borrower ...

7. Hard money loan - Wikipedia

   en.wikipedia.org/wiki/Hard_money_loan

   There is no such thing as 100% LTV for this type of transactions. These loans are meant for investors and the lenders will always require a higher down payment. "Hard money" is a term that is used almost exclusively in the United States and Canada, where these types of loans are most common. In commercial real estate, hard money developed as an ...