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Are closing costs typically 6% of the purchase price in NY state?

We are being told that closing cost for a loan on a house selling for $272 may be up to 16K? How can that be? How does anyone afford a house?
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February 22 2010 - Albany
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to put it in perspective; I closed one recently in Westchester County at a purchase price of $330,000.

on a 0 point rate; closing costs, including escrows and reimbursing seller for taxes paid in advance, were $12,198.
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February 22 2010
Yes contact Chris Corcia whose link is over to the right------->
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February 22 2010
email your good faith estimate to Chris at:
chris@myqcfunding.com
He can tell you if it is inline
 
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February 22 2010

No, that is VERY high.


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February 22 2010
 
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