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What do you mean, nice one? Is that sarcasm I detect?
To me it is nice you only put $2K cash out of pocket at the closing table but were expecting true "no closing costs upfront". (Usually a FL deal or some other state with a million trillion houses for sale where owners hold mortgages regularly or do other desperate moves to sell, etc.) How did you do that? Never heard of it so low on LI.
To me it is nice you only put $2K cash out of pocket at the closing table but were expecting true "no closing costs upfront". (Usually a FL deal or some other state with a million trillion houses for sale where owners hold mortgages regularly or do other desperate moves to sell, etc.) How did you do that? Never heard of it so low on LI.
Sounds like it might have been a sellers' concession deal and the amount was low balled by the loan officer
Sounds like it might have been a sellers' concession deal and the amount was low balled by the loan officer
Yeah, this was pretty much what it was. We had our closing costs put into our loan and were told that we'd have to bring very little if anything to closing. 2k is not little of nothing. And this person was used before by my significant others parents.
Yeah, this was pretty much what it was. We had our closing costs put into our loan and were told that we'd have to bring very little if anything to closing. 2k is not little of nothing. And this person was used before by my significant others parents.
I agree, $2,000 is not a small amount if you're told to bring very little if anything
Someone either didn't do their homework, or this is what they do to get more business--everyone wants to keep closing costs as low as possible, even though most of them are required in one way or another.
Was the appraisal very close? With a sellers concession, the appraisal has to come in at the higher amount (sales price PLUS concession)...
I agree, $2,000 is not a small amount if you're told to bring very little if anything
Someone either didn't do their homework, or this is what they do to get more business--everyone wants to keep closing costs as low as possible, even though most of them are required in one way or another.
Was the appraisal very close? With a sellers concession, the appraisal has to come in at the higher amount (sales price PLUS concession)...
The first appraisal came under (about 5k under) with the sellers concession. We had another appraisal done that came way above what we thought it would (about 15k over).
everyone has a different amount to a certain degree
one thing to know is the more you borrow, the closing cost edges up.
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And this person was used before by my significant others parents.
