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Reload this Page I just closed WOHOO! (foreclosure, mortgage, mortgage, price)
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Old 05-28-2010, 05:17 PM
 
20,187 posts, read 23,839,210 times
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Closed on my home... first home...WOHOO!

Financed 300k home, zero down payment, 4.75% fixed 30 year APR, closing costs = $0...

Have a great Memorial Day Weekend everyone!!
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Old 05-29-2010, 02:08 PM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,957 posts, read 22,296,816 times
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Sweet! May you enjoy it for many years.
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Old 05-29-2010, 04:47 PM
 
79 posts, read 238,127 times
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congratz on sealing the deal...How did you negotiate 0 closing costs? Was the original home purchase price at 300 already or did they drop that as well....Just wondering. I am currently stuck in escrow which has been close to 2 months now and the closing cost are getting higher the longer this is drawn out.
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Old 05-29-2010, 04:54 PM
 
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I got a "special" mortgage from the lender.. zero closing costs was based on the seller paying for it all and they did plus first month's mortgage... the 300k is the price on the foreclosure (I should of said it was negotiated down to that price), it was worth way more than that... I just called the bank president and got a "special" mortgage about 3 weeks before we closed... thanks DMenscha, its going to be great... I am already looking to buy a piece of land soon, will build a retirement home on it later on...
Last edited by evilnewbie; 05-29-2010 at 05:08 PM..
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Old 05-31-2010, 02:20 PM
 
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congradulations evilnewbie,

enjoy your first home and may it bring you many memories.
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Old 06-01-2010, 07:47 AM
 
Location: NE Atlanta suburbs
472 posts, read 854,496 times
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What kind of loan did you wrangle for zero down payment?
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Old 06-01-2010, 11:53 AM
SXN
 
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Quote:
Originally Posted by mcm2010 View Post
What kind of loan did you wrangle for zero down payment?
Exactly. I'm curious too.

Apparently it is pretty "special".
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Old 06-01-2010, 01:43 PM
 
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Thanks... its great to be a homeowner... can't wait to mow the grass (or does the HOA do it?)... the mortgage I got is not open to the general public, its a loan made to VIP people... I guess I happen to fall into the VIP club...
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Old 06-01-2010, 08:39 PM
 
Location: NE Atlanta suburbs
472 posts, read 854,496 times
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Quote:
Originally Posted by evilnewbie View Post
Thanks... its great to be a homeowner... can't wait to mow the grass (or does the HOA do it?)... the mortgage I got is not open to the general public, its a loan made to VIP people... I guess I happen to fall into the VIP club...
Oh now you definately need to elaborate and tell us more Inquiring minds want to know.
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Old 06-02-2010, 02:14 PM
 
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I don't know what else to say, I am VIP to the bank...
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