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Contract has Closing Costs 3% of price + $700 home warranty can I use the $700 for points instead?

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February 28 - Glendale

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Brent McDonald, "brentmcd"
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Brent McDonald, "brentmcd"

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You would need to have your agent write an adendum to your contract to make this work.

Please don't hesitate to phone me directly at 480-444-7146 if I may be of service to you in any way.

Warm Regards,

Brent McDonald
Senior Mortgage Consultant

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Daniel Reynolds, "Broker Executives"
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Daniel Reynolds, "Broker Executives"

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Title will never let you do this, because the lender will not let you do this. Points are strictly points, not origination fees. I've tried it before to get the tax write-off and it doesn' work.

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Earl Boyer, "Earl Boyer"
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Earl Boyer, "Earl Boyer"

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Many times the contract language will state "up to $xxx" for a specific item such as a warranty. Also the contract may give the seller the option of choosing the warranty company. Ask you real estate agent to check the specific wording. Laws and rules will vary from state to state but as a rule all parties have to agree to any modification of a contract.

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Question Contract has Closing Costs 3% of price + $700 home warranty can I use the $700 for points instead?

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Contract has Closing Costs 3% of price + $700 home warranty can I use the $700 for points instead?

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Question Contract has Closing Costs 3% of price + $700 home warranty can I use the $700 for points instead?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

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Contract has Closing Costs 3% of price + $700 home warranty can I use the $700 for points instead?

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Question Contract has Closing Costs 3% of price + $700 home warranty can I use the $700 for points instead?

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

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