Investor · Hendersonville, NC · Member since 2016 · 498 posts · 285 votes
1y
@Devin James I definitely agree with your main point. And it's very pertinent to today's environment because it doesn't look like interest rates will be coming down much, if at all this year.
Real Estate Broker · Hyde Park Tampa, FL · Member since 2019 · 2k+ posts · 3k+ votes
1y
There are several lenders who offer low/no closing cost options for first time homebuyers. Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate. And, it's amazing how many closing costs are junk fees that we as investors need to pushback on paying for ourselves and our clients. There simply are too many people attempted to get their hands in our pockets. The industry is long overdue for an overhaul.
There are several lenders who offer low/no closing cost options for first time homebuyers. Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate. And, it's amazing how many closing costs are junk fees that we as investors need to pushback on paying for ourselves and our clients. There simply are too many people attempted to get their hands in our pockets. The industry is long overdue for an overhaul.
Interesting perspective
Any examples of the junk fees you see? We may need to switch lenders.