Ed Rios

You should always make a count offer for them to pay the closing cost. If not asked them to contribute at least 1.5 %. If you can not get the bank to agreed. Then go to your loan officer that is giving you the loan and asked him that you need him or her to cover your closing cost. The way this is done is by the loan officer increasing your rate example if your rate is 5.75% he or she could do it if you increase your rate to 6.25% it should never be more than .5%. If the lender can not help you them you could reduce the amount of your closing cost by closing the last date of the month, also look at your GFE and see if your are being charge any points, origination fees or appication fees. If you are ask the loan officer to removed them or look for another lender that would doit for you. - Sun Apr 27 2008, 02:40