First Time Home Buyer a few questions (renting, mortgage)

[runvus96330]

Thanks for you help in advance. First what should I expect on closing day.I am supposed to close on the 28th of Aug.. Everytime I talk to the mortgage lender, the money changes on how much I need to bring...My down payment is solid, Yet she will sneak in bring 400 for this and 500 additional for that...Thats cool but if I ask the seller for a 4000 dollar closing cost credit, why am I paying all of these additional charges..I am going with wells fargo... Her closing cost is 1377... at first she said that the appraisal was included. Then she said I needed to bring an additional 400 for a commitment fee. I dont know...It has been a long haul...I almost feel like just renting..lol...ALSO, does anybody feel like its a good idea to buy a home in pre forclosure...Im trying to do all my research...Thanks for the advice.

[ia2ncgirl]

forclosures are a LOT of work to buy these days...our current house was a forclosure and we had a conventional loan and there were still hoops to jump through. my advice would be to TRY to relax until it gets closer- in our experience they usually dont know until about a handful of days before closing what your exact amount due it...when we bought our house, we were told the day BEFORE closing that the loan wouldn't go through unless there was a stove (the previous owners took it) and the carpet was replaced - it's a forclosure! I hope you have been using a realtor (one that has specifically delt with forclosures)- they should be the ones to answer all your questions, after all, that is what they're being paid for...