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rolling closing costs into the mortgage
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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rolling closing costs into the mortgage
Is there a benefit to this? It's a HARP loan so the cc are about $4500.
I guess not having to lay out the money is nice but is there some other benefit to doing this?
TIA!
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Posted 6/28/12 10:49 AM  |
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Prudential Douglas Elliman Real Estate
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JDubs
different, not less
Member since 7/09 13160 total posts
Name:
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Re: rolling closing costs into the mortgage
i think thats the real benefit- not having to pay out of pocket. otherwise if you could swing it paying oop then your principal amount being borrowed will be lower.
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| Posted 6/28/12 11:47 AM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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Re: rolling closing costs into the mortgage
The bebfit to us was that we were not using all our cash and being poor.
THe con is that it is in your mortgage and you are payign interest on it.
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| Posted 6/28/12 12:06 PM |
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