01-11-2008, 10:02 AM
| #11 |
| Member Join Date: Aug 2007
Posts: 73
Rep Power: 5  |  Update: We decided to hold off on placing the offer last night as the wife was not quite sure (she wants to look at a few more tomorrw) and I don't want to force her into anything. So after we look at a couple more tomorrow we will most likely be writing an offer. As for the rates I am looking at 6.379 for the rate right now and my lender said that we could probably negotiate that down a little after we have an accepted offer. It is a 30 year fixed so I am set with closing costs at about 1500.00 or so. |
|  |
|
01-11-2008, 10:20 AM
| #12 |
| Senior Member Join Date: Aug 2007 Location: In Debt.
Posts: 252
Rep Power: 5 | holy crap! High Interest rates! I'm at 6.0 and lookin to go lower! lol |
|
| |
|
01-12-2008, 03:43 AM
| #13 | |
| Administrator  Join Date: Aug 2007 Location: Central CT Age: 31
Posts: 499
Rep Power: 10 | Quote:
my closing costs were $8,xxx. Well, actually, they were 12,000, but i made 3 grand on the sale of my condo, so it put me down to 8 and change. you have to pay the local taxes on it up front (your area may differ), the lawyers fees, all the title search, title security, etc etc etc.
__________________ 1997 2050sqft Split Level  | |
|
| |
|
01-12-2008, 02:27 PM
| #14 |
| Senior Member Join Date: Aug 2007 Location: In Debt.
Posts: 252
Rep Power: 5 | its possible B... My closing costs were like $3k in change... Its all in the taxes, property cost, and how many headaches there are... |
|
| |
|
01-13-2008, 02:34 PM
| #15 |
| homeless Join Date: Aug 2007 Location: Bakersfield, CA
Posts: 93
Rep Power: 5 | that house would probably go for $375-$400K here .. even more if it was SoCal |
|
| |
|
01-14-2008, 10:53 AM
| #16 |
| Member Join Date: Aug 2007
Posts: 73
Rep Power: 5 | Closing Costs Breakdown: Appraisal fee - 300.00 Credit Report - 14.00 Flood Cert - 12.00 Addl cost from addendum -311.00 Settlement/Closing - 285.00 Title Insurance Premium - 200.00 Recording Fee - 50.00 Assignment of Mortgage - 11.00 total est. closing costs: 1,183.00 add that to our prepaids and escrows which are 789.00 minus first time homebuyers seminar discount -250.00 Total needed at closing : 1422.68 |
|
| |
|
01-14-2008, 03:39 PM
| #17 |
| Administrator Join Date: Aug 2007 Location: Central CT Age: 31
Posts: 499
Rep Power: 10 | i don't know how clear this is going to be.... here's my closing sheet. 9 grand. attachement removed. chester saw it... don't want to leave that out here
__________________ 1997 2050sqft Split Level Last edited by briansol; 01-15-2008 at 01:10 AM. |
|
| |
|
01-14-2008, 03:58 PM
| #18 |
| Senior Member Join Date: Aug 2007 Location: In a house
Posts: 107
Rep Power: 5 | 24xx of it is a loan origination fee - your mortgage company put one over on you... 
__________________ Bow to my presence... |
|
| |
|
01-14-2008, 04:05 PM
| #19 |
| Administrator Join Date: Aug 2007 Location: Central CT Age: 31
Posts: 499
Rep Power: 10 | :shrug: i think its normal. i paid that when i bought my condo too, and that was a different mortgage firm, and even without that 2400, its still a huge jump from 1500 bucks.
__________________ 1997 2050sqft Split Level |
|
| |
|
01-14-2008, 04:25 PM
| #20 |
| Senior Member Join Date: Aug 2007 Location: In a house
Posts: 107
Rep Power: 5 | True.
__________________ Bow to my presence... |
|
| |
