FAQs

Is there such a thing as a Low-Cost or Low-Fee Loan?

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Is There such a thing as a low-cost or low-fee loan?

 

Not Really.

A No-Fee Loan simply means that instead of being charged any points and fees up front, the costs are included in the principal and will be paid over the life of the loan.

A No-Fee Loan can be misleading since advertised "no-fee" loans may actually cost the borrower more over the long term becasue these costs are often rolled into the new note through higher interest or more principal.