Resources > Glossary > No Closing Costs

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

No Closing Costs

Function: noun

Definition 1:
Some loans have no up front closing costs. In such a case, the closing costs are integrated into the loan amount. Having a loan with no closing costs was very popular in 2005 and 2006 when borrowers were over extending themselves with adjustable rate mortgages and getting houses far beyond their means.