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Financing in Waltham : Real Estate Advice

  • All72
  • Local Info5
  • Home Buying37
  • Home Selling8
  • Market Conditions1

Activity 2
Thu Jun 21, 2012
Masha Senderovich answered:
Closing costs - depends on the offer. It is about 1% of the purchase price and includes various state and federal registration, mortgage, title, and other fees, attorney's fees, pre-paid items (like taxes or condo fees, water/sewer, etc), and other miscellaneous costs of completing the transaction.

Typically, the buyer pays these. However, in the last few months I see more and more transactions where the initial offer asks for the seller to contribute so that the buyer can put more of that cash into down payment instead.

Let me know if you need help with your transaction! Waltham is a specialty!
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Sun May 10, 2009
John Savignano answered:
you need to speak with your lender. I would guess it depends on the loan to value ratio. If after completion the appraised value in todays market will be greater than 80% of the borrowed amount, you can probably refinance. But they are the ones who can best answer trhis question. Good Luck! ... more
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