A mortgage loan that would allow a borrower to purchase a home paying only the paperwork costs of the loan at closing could be called a

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A mortgage loan that allows a borrower to purchase a home paying only the paperwork costs of the loan at closing is commonly known as a "zero-down" mortgage. Option A, "liar" loan, is not a common term in the mortgage industry and is associated with fraudulent loans. Option B, "traditional" mortgage, may require a down payment and does not accurately describe a mortgage with no down payment required. Therefore, the best choice is C.

A Mortgage Loan That Would Allow a Borrower to Purchase