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  Zero Cost Loan Definition
Zero Cost Loan Also called a no-cost loan, with a zero-cost loan a borrower will not be required to pay any points or closing costs. Any non-recurring closing costs will be rebated to you at closing, although you will be required to pay your recurring closing costs such as your property taxes and homeowner's insurance. This type of loan typically has a higher interest rate attached to it.
   
   
   


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