- This topic has 235 replies, 19 voices, and was last updated 14 years, 3 months ago by scaredyclassic.
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September 8, 2010 at 12:40 PM #603250September 8, 2010 at 12:48 PM #602193allParticipant
If they’ll match what’s available online and you can keep the loan contingency then why not?
September 8, 2010 at 12:48 PM #602283allParticipantIf they’ll match what’s available online and you can keep the loan contingency then why not?
September 8, 2010 at 12:48 PM #602831allParticipantIf they’ll match what’s available online and you can keep the loan contingency then why not?
September 8, 2010 at 12:48 PM #602937allParticipantIf they’ll match what’s available online and you can keep the loan contingency then why not?
September 8, 2010 at 12:48 PM #603255allParticipantIf they’ll match what’s available online and you can keep the loan contingency then why not?
September 8, 2010 at 12:50 PM #602198SD RealtorParticipantFirst off you need to be much more precise on your documentation. What exactly does seller pay closing costs mean? Does that mean the seller will pay as many points up front for you to buy down your loan? Does this mean the seller will not pay any points to buy down your loan?
Second off sellers agent is the sellers brother and a mortgage broker. You are asking us if it is worth it to use him because you are being steadfast and not paying closing costs? Hmmm lets see… I don’t wanna pay a few thousand up front but am willing to get a p.o.s loan that will cost me thousands in interest over the next few years. That makes sense to you?
Have you shopped the loan to come up with competitive rates and closing costs so you can at least compare?
Seems to me that with a little bit of homework you can actually answer the questions yourself rather then posting them here.
Also you should be much more precise in what is covered and what is not. Recurring AND non recurring closing costs? Points buy down? If you put the homeowners insurance payment in escrow as a closing cost is that covered?
I am sorry if I am coming down hard on you but I am just shaking my head at this point. Between yourself and your realtor you should be doing a heck of alot of a better job defining what the heck is going on here.
September 8, 2010 at 12:50 PM #602288SD RealtorParticipantFirst off you need to be much more precise on your documentation. What exactly does seller pay closing costs mean? Does that mean the seller will pay as many points up front for you to buy down your loan? Does this mean the seller will not pay any points to buy down your loan?
Second off sellers agent is the sellers brother and a mortgage broker. You are asking us if it is worth it to use him because you are being steadfast and not paying closing costs? Hmmm lets see… I don’t wanna pay a few thousand up front but am willing to get a p.o.s loan that will cost me thousands in interest over the next few years. That makes sense to you?
Have you shopped the loan to come up with competitive rates and closing costs so you can at least compare?
Seems to me that with a little bit of homework you can actually answer the questions yourself rather then posting them here.
Also you should be much more precise in what is covered and what is not. Recurring AND non recurring closing costs? Points buy down? If you put the homeowners insurance payment in escrow as a closing cost is that covered?
I am sorry if I am coming down hard on you but I am just shaking my head at this point. Between yourself and your realtor you should be doing a heck of alot of a better job defining what the heck is going on here.
September 8, 2010 at 12:50 PM #602836SD RealtorParticipantFirst off you need to be much more precise on your documentation. What exactly does seller pay closing costs mean? Does that mean the seller will pay as many points up front for you to buy down your loan? Does this mean the seller will not pay any points to buy down your loan?
Second off sellers agent is the sellers brother and a mortgage broker. You are asking us if it is worth it to use him because you are being steadfast and not paying closing costs? Hmmm lets see… I don’t wanna pay a few thousand up front but am willing to get a p.o.s loan that will cost me thousands in interest over the next few years. That makes sense to you?
Have you shopped the loan to come up with competitive rates and closing costs so you can at least compare?
Seems to me that with a little bit of homework you can actually answer the questions yourself rather then posting them here.
Also you should be much more precise in what is covered and what is not. Recurring AND non recurring closing costs? Points buy down? If you put the homeowners insurance payment in escrow as a closing cost is that covered?
I am sorry if I am coming down hard on you but I am just shaking my head at this point. Between yourself and your realtor you should be doing a heck of alot of a better job defining what the heck is going on here.
September 8, 2010 at 12:50 PM #602942SD RealtorParticipantFirst off you need to be much more precise on your documentation. What exactly does seller pay closing costs mean? Does that mean the seller will pay as many points up front for you to buy down your loan? Does this mean the seller will not pay any points to buy down your loan?
Second off sellers agent is the sellers brother and a mortgage broker. You are asking us if it is worth it to use him because you are being steadfast and not paying closing costs? Hmmm lets see… I don’t wanna pay a few thousand up front but am willing to get a p.o.s loan that will cost me thousands in interest over the next few years. That makes sense to you?
Have you shopped the loan to come up with competitive rates and closing costs so you can at least compare?
Seems to me that with a little bit of homework you can actually answer the questions yourself rather then posting them here.
Also you should be much more precise in what is covered and what is not. Recurring AND non recurring closing costs? Points buy down? If you put the homeowners insurance payment in escrow as a closing cost is that covered?
I am sorry if I am coming down hard on you but I am just shaking my head at this point. Between yourself and your realtor you should be doing a heck of alot of a better job defining what the heck is going on here.
September 8, 2010 at 12:50 PM #603260SD RealtorParticipantFirst off you need to be much more precise on your documentation. What exactly does seller pay closing costs mean? Does that mean the seller will pay as many points up front for you to buy down your loan? Does this mean the seller will not pay any points to buy down your loan?
Second off sellers agent is the sellers brother and a mortgage broker. You are asking us if it is worth it to use him because you are being steadfast and not paying closing costs? Hmmm lets see… I don’t wanna pay a few thousand up front but am willing to get a p.o.s loan that will cost me thousands in interest over the next few years. That makes sense to you?
Have you shopped the loan to come up with competitive rates and closing costs so you can at least compare?
Seems to me that with a little bit of homework you can actually answer the questions yourself rather then posting them here.
Also you should be much more precise in what is covered and what is not. Recurring AND non recurring closing costs? Points buy down? If you put the homeowners insurance payment in escrow as a closing cost is that covered?
I am sorry if I am coming down hard on you but I am just shaking my head at this point. Between yourself and your realtor you should be doing a heck of alot of a better job defining what the heck is going on here.
September 8, 2010 at 1:02 PM #602213scaredyclassicParticipantyou’re right that was sloppy. we actually offered list price plus a bit more, seller pays $12,000 (our estimate of closing costs).
I guess that’s my issue; am I necessarily going to get a “p.o.s.” loan by going with this guy, or is it likely to be close enough to what i’d get anywhere that it’s worth using him to get the full amount of loan fees applied toward closing costs?
Don’t worry about coming down hard on me; it is actually physically impossible to insult me (hide impervious to any type of abuse).
September 8, 2010 at 1:02 PM #602303scaredyclassicParticipantyou’re right that was sloppy. we actually offered list price plus a bit more, seller pays $12,000 (our estimate of closing costs).
I guess that’s my issue; am I necessarily going to get a “p.o.s.” loan by going with this guy, or is it likely to be close enough to what i’d get anywhere that it’s worth using him to get the full amount of loan fees applied toward closing costs?
Don’t worry about coming down hard on me; it is actually physically impossible to insult me (hide impervious to any type of abuse).
September 8, 2010 at 1:02 PM #602851scaredyclassicParticipantyou’re right that was sloppy. we actually offered list price plus a bit more, seller pays $12,000 (our estimate of closing costs).
I guess that’s my issue; am I necessarily going to get a “p.o.s.” loan by going with this guy, or is it likely to be close enough to what i’d get anywhere that it’s worth using him to get the full amount of loan fees applied toward closing costs?
Don’t worry about coming down hard on me; it is actually physically impossible to insult me (hide impervious to any type of abuse).
September 8, 2010 at 1:02 PM #602957scaredyclassicParticipantyou’re right that was sloppy. we actually offered list price plus a bit more, seller pays $12,000 (our estimate of closing costs).
I guess that’s my issue; am I necessarily going to get a “p.o.s.” loan by going with this guy, or is it likely to be close enough to what i’d get anywhere that it’s worth using him to get the full amount of loan fees applied toward closing costs?
Don’t worry about coming down hard on me; it is actually physically impossible to insult me (hide impervious to any type of abuse).
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