THE MORTGAGE HUNTER: HOW TO CUT THE COST OF HOME OWNERSHIP BY $100,000 OR MORE; Whether you are a buyer, an investor, or a broker, no one can guide you through the mortgage maze like this best-selling author. Most borrowers are not aware of the no-cost mortgage option currently being offered by some lenders. The loan officers and mortgage brokers with whom they deal are unlikely to volunteer the information because no-cost loans are easier to comparison shop. If the borrower requests a no-cost mortgage quote, they will comply, but the quotes are based on cost estimates that can be far off the mark. Borrowers can roll their own no-cost mortgage online. They do this by selecting an interest rate that carries a rebate large enough to cover the settlement costs. This requires that they have access to the complete range of rate/point combinations offered by the lender, as well as the settlement costs.

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