am i about to get screwed?

[Coronita]

One often says that when you’re buying a new car, try to keep the new car purchase separate from the trade in…Think about that one for a moment…

I wouldn’t say you’re getting completely screwed, but it does sound like that brother/agent is trying to do the best he can to make sure you don’t get the home at the price you want. while at the the same time trying to do a loan too that may/may not be the best you can do.

(I think you owe it to yourself to apply for an external loan, possibly at the same time you’re going through with the loan with said agent.)

I guess the more important question you should ask really is how badly your wife wants this house, and is she ok with “seller pays 25% of closing”? The answer to that question is all that matters. Or better yet, ask your wife to post the question here herself. That way, it removes you out of the equation (so she can’t get mad at you either way). Remember what you said. You’re going to pay X. She can pay Z-X, where Z is the total cost of the home. 🙂

[all]

If they’ll match what’s available online and you can keep the loan contingency then why not?

[all]

If they’ll match what’s available online and you can keep the loan contingency then why not?

[all]

If they’ll match what’s available online and you can keep the loan contingency then why not?

[all]

If they’ll match what’s available online and you can keep the loan contingency then why not?

[all]

If they’ll match what’s available online and you can keep the loan contingency then why not?

[SD Realtor]

First 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.

[SD Realtor]

First 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.

[SD Realtor]

First 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.

[SD Realtor]

First 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.

[SD Realtor]

First 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.

[scaredyclassic]

you’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).

[scaredyclassic]

you’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).

[scaredyclassic]

you’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).

[scaredyclassic]

you’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).

[Author]

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