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Updated over 4 years ago on . Most recent reply

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25
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2
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Aaron Hunt
  • San Francisco, CA
2
Votes |
25
Posts

First Purchase - Closing Costs

Aaron Hunt
  • San Francisco, CA
Posted

Hey Guys, 

Really appreciate any responses and guidance here.

This is my first investment purchase, property is in Livermore California, and we are in closing.  As I type this,  I am reviewing the disclosures from the lender and I see the following:

Title - Closing/Settlement/Attorney Fee for $1,625 Title. The Purchase price is 656K

Question: Does this seem right? I am not sure what this fees is for and seems a bit high to me. (I will ask the lender, but I wanted to inform myself before I speak to them)

Most Popular Reply

User Stats

25
Posts
2
Votes
Aaron Hunt
  • San Francisco, CA
2
Votes |
25
Posts
Aaron Hunt
  • San Francisco, CA
Replied

@Maria D'Aura Thank you, yes, I do not plan on making any changes, just trying to understand. These things are so intertwined, it is hard as a laymen to know things no matter how much you read up. I am glad I am able to be educate myself. 

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