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Updated over 8 years ago,

User Stats

8
Posts
3
Votes
Chris Kovarik
  • Olathe, KS
3
Votes |
8
Posts

Closing costs, LLC, how many companies to shop

Chris Kovarik
  • Olathe, KS
Posted

Hello everyone!  I'm beginning my investment journey and am working on pre qualifying for a loan.  Wells Fargo quoted me over $5k in closing costs and I was wondering if this seems high to anyone more experienced.

They also said if I was an LLC they could only loan me money to purchase a rental if I had a million dollars of assets with them.

Finally,  how many mortgage companies do you recommend I shop before I decide on one and are there major differences in mortgage companies?

Thanks for answering a rookies questions!

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