Jazmine S.
Help with reading closing costs breakdown sheet?
The very last line of the right column states "paid from your loan amount", and estimated cash to close is about 79k. For reference, the loan is 109 and the LTV is 80%. To me the paid from loan amount line sounds like...
Jackie F.
Refi Primary Mortgage - Closing Cost Are High
Hi BP,
I would like to refi my primary residence which has an 70% LTV. I want to lower my rate on a 30 yr fixed. I don't want to cash out. So far, all estimates have me paying 2-3% closing cost.
What gives? I th...
Harrison Lopes
Package Deal: 3 Properties = 3x Closing Costs?
Considering offering on a package deal (three SFHs) in my area of investment. Since it's three separate addresses, does that mean I will have three sets of closing costs? Are there any loan products in which I could b...
Randy Sherer
Yikes! Closing costs = 5% of purchase price
I was pre-approved through a lender for a 10% down 2nd home mortgage about a month ago. Yesterday when I put an offer on a cabin, I was told the interest rates changed from 3.5% to 4.125%, and closing costs went from...
Andrew Kennedy
Challenge to Pay Closing Costs While Abroad
Hey BP fam,I am under contract for my first investment property (Woot!). For closing costs/down payment, the title company says I can pay using only: 1.) wire transfer, or 2.) personal/cashier check, if provided 2 wee...
Rizwan H.
Seller's unpaid taxes applied towards closing cost
Hi
I was wondering if any of you have experience in handling this situation, seems to be a common case.
I am in the process of purchasing an investment home. The seller is willing to offer the seller credit/concessi...
Sipho Mogopudi
In need of assistance with "Closing Costs"
Hello everyone! My name is Sipho Mogopudi, I'm a newbie in Real estate investment.
There's a concept often used in real estate arena: "Closing Costs." I really need assistance of the actual meaning of the concept, e...
Account Closed
Ballpark % of Closing Costs for Cash Purchases?
Hello, using the BiggerPockets calculators, I'm trying to quickly evaluate properties to buy for cash to even see if they make any sense. The one area where I'm stuck is estimating Purchase Closing Cost when using th...
Alex Waite
Finance closing costs or pay up front
What does the BP community think of paying closing costs up front or should you finance the costs? I am currently looking at refinancing my FHA to conventional after one year but financing my refi closing costs will p...
Anna Johnson
Save on closing costs in NY state?
We are thinking about buying a 3 family house in Rockland County NY. The price is $420k and we have $140k saved up. Only eligible for a 30 year loan based on our high DTI. The RE attorney that I've talked to told us t...