Many borrowers wonder what the costs are OR if they can get a no cost loan. The first thing you should know is that there is no such thing as a NO COST LOAN. There are costs but the question is whether you pay those costs seperately or if you have them added to your loan thus increasing your interest rate. It may not matter which option you choose just as long as YOU are choosing and not your lender. For a list of basic costs, go to www.dreamhomefinancing.com and click on "CLOSING COSTS" .