What is a no-closing-cost mortgage?
It puts off those pesky closing-day expenses. But you may pay for the delay.
5 min read
Aug 07, 2025
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
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Closing costs in Arizona: Who pays for what?
The Grand Canyon state has relatively low closing costs.
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Understanding escrow: How it works in homebuying
It’s not complicated, but it involves several steps. Here’s how to navigate them.
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Joint mortgages are certainly possible, but they don’t necessarily mean joint ownership.
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Make the most of your investment: Learn what it means to have a primary residence.
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How to buy a house with a low income
Yes, you can buy a house with a low income.
9 min read Jul 14, 2025