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Financing in 11427 : Real Estate Advice

  • All12
  • Local Info3
  • Home Buying3
  • Home Selling1
  • Market Conditions0

Activity 2
Tue Oct 18, 2011
Annette Levinson answered:
How did you get a preapproval without enough money to pay closing costs?
On a FHA mortgage the seller usually pays for the closing costs. If they don't pay for all the closing costs you can get a lenders credit with a higher rate (if you qualify). What does your realtor say about this? Check with them and if you have questions feel free to contact me. ... more
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Mon Oct 25, 2010
Christy Schwartz answered:
That does sound a bit high. Are they adding in points to get that 4.375% rate?? They may be buying down the rate and not telling you about the points cost's in getting that rate. My company is offering a 4.5% fixed 30 year FHA rate with NO points. Depending on interest, taxes, insurance and title cost's we could cut your cost's in half for the loan. Please email me or give me a call to discuss further details. ... more
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