On the other hand, you can receive a credit (or rebate) to help cover closing costs by choosing a higher interest rate. (usaa.com)
Yes, mortgage balances can be increased to cover closing costs in addition to other monies due at closing such as escrow reserves, accrued daily interest, and a small amount of cash. (themortgagereports.com)
Meaning, if you have not sold your first home, your current home will be used as collateral for covering closing cost fees for your new home purchase. (starloanservices.com)