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Updated about 5 years ago on . Most recent reply

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Beau Alesi
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closing costs NY looking for advice please

Beau Alesi
Posted

hello me and my wife are going to contract soon on a home we are buying. the approved price is $310k. we are working directly with a mortgage broker on this sale. long story. buying house from bank. house is part of estate which is friend of fam. bank accepted offer we've talked to our lawyer and contacts are being drawn up.  I'd like to make sure we are not getting taken advantage of with the closing costs. how can I calculate about what they should be and include. thanks a lot.

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Andrew Postell
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Beau Alesi you really need to shop to compare this.  Closing costs in New York can vary wildly from lender to lender (I moved to Texas from NY) so please do shop around. Try posting in the New York forum and ask about other lenders.  There should be some good locals that follow that forum that could point you in the right direction.  Thanks!

  • Andrew Postell
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