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Updated over 9 years ago on . Most recent reply

Andrew Martel's profile image
Andrew Martel's profile image
Andrew Martel
  • Investor
  • from San Antonio, TX
  • Member since Oct 9, 2013
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71
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12
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Andrew Martel's profile image
Andrew Martel's profile image
Andrew Martel
  • Investor
  • from San Antonio, TX
  • Member since Oct 9, 2013
Connect
Andrew Martel
  • Investor
  • San Antonio, TX
12
Votes |
71
Posts
Buying & Selling Real Estate

$5k Closing Cost on a 57K Loan?

Andrew Martel
  • Investor
  • San Antonio, TX
Posted

I'm supposed to close on a deal tonight where I am getting a 53K loan on a property.  The broker is saying that because the loan is so small that I will have to be responsible for paying the broker's commission. Total closing is coming to a little over 5K. Does this sound right for this size loan? Am i being raked over the coals on this one? 

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