discounted present value

Opting for Loans with No Closing Costs

“Discounted Present . . . . What??” I’m hearing from numerous lenders — and observing with my own Buyers — that more people are opting for loans with higher interest rates, in exchange for paying no closing costs. So, instead of, say, getting a 30-year mortgage at 5% for $200,000, and paying $6,000 in closing...
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