No fee mortgage

No fee mortgage,

Definition of No fee mortgage:

  1. A type of mortgage whereby the borrower will not be responsible for paying additional costs such as those for underwriting, processing, property appraisal, or a number of other related closing costs that are typically required when borrowing funds for a mortgage. It is important for borrowers to be aware that sometimes these additional fees are actually tacked on in the form or other closing costs or a higher interest rate.

Meaning of No fee mortgage & No fee mortgage Definition