What is an NPNC (No Points, No Closing) Mortgage?

From: Richard Alpert <rda@CS.Princeton.EDU>
Subject: What is an NPNC (No Points, No Closing) Mortgage?
Date: Mon, 12 Oct 1998 14:29:56 -0400

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What is a no-points, no-closing (NPNC) mortgage and
how does one get one?

Thanks,

 - Rich Alpert


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