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This is a very important issue that requires a lot more time but the best answer
is that every mortgage does indeed carry a significant cost that you will have to shoulder either in fees at closing or in
the rate. You are always better off paying these fees at closing rather than plowing them back into the
rate. Simply put, a thousand paid at closing will save you three to five thousand over the life of the loan.
If you are purchasing you may be limited as to how much you can bring to the table which may mean that you simply can't
buy right now but if you are refinancing you can usually just borrow the extra money and you will come
out ahead
ABOUT CLOSING COSTS
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