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Updated over 5 years ago,

User Stats

526
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520
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Jon K.
  • Rental Property Investor
  • Perry Hall, MD
520
Votes |
526
Posts

What are the common closing costs?

Jon K.
  • Rental Property Investor
  • Perry Hall, MD
Posted

What costs do you pay during closing every time whether you're refinancing a property or purchasing a property? I have a contract on a house that was purchased at a foreclosure auction. I must use cash or hard money. I am comparing the costs between using hard money or closing with cash and then immediately financing the property using some other loan product. In other words will the cost of the second closing outweigh the savings on interest/points I'd get using one loan product over another? That obviously depends on what those interest/points/fees are of course.

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