Is A No Closing Cost Mortgage The Way To Go?
The answer is that it depends on the individual buying and their goals. With a refinance right now it can be a great option because if rates are to drop further you can refinance again. If you plan on holding onto the mortgage for a long period of time then it might make more sense to pay the closing costs. Keep in mind that nothing is free in life and the catch here it that the interest rate will be higher than if you pay the closing costs on your own.
This is where a Mortgage Professional comes into play and you need to make sure you are being given all of the options available so you as the borrower can determine what is best for you and never have any regrets.