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stupid question re: closing costs

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saraH
happy birthday sweet kate!

Member since 5/05

16555 total posts

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I know that God exsists, I held her in my arms...

stupid question re: closing costs

does that get added to your mortgage or is that something you pay out of pocket at the last meeting?

Posted 6/12/07 1:09 PM
 
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Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: stupid question re: closing costs

you can do it either way

you can get a sellers consession to cover the cost

you can put down less of the down payment and pay out of pocket

Posted 6/12/07 1:11 PM
 

VickiC
Rocking the party

Member since 5/05

4937 total posts

Name:
Vicki

Re: stupid question re: closing costs

Yes to both I believe.

You can roll closing costs into your mortgage - which is called a seller's concession.

Or you could pay closing costs at the closing with a bank check.

Posted 6/12/07 1:11 PM
 

saraH
happy birthday sweet kate!

Member since 5/05

16555 total posts

Name:
I know that God exsists, I held her in my arms...

Re: stupid question re: closing costs

thanks. I wasn't sure how that worked.

Posted 6/12/07 1:14 PM
 
 

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