TermLoans & mortgages
No-closing-cost refinance
A refinance where the lender covers upfront costs in exchange for a slightly higher rate.
Watch out for this
Handy if you will move soon; pricier over the long run.
About this entry: short by design — every term in The Money Translator gets a one-sentence definition and a one-sentence reason to care. Some terms get deeper guides under the work.