Answers (3)
- Clay Branch, "Georgia Loans"
- Contributions:8819
walt52, all closing costs are not quoted here, only the 800 section of a Good Faith Estimate, so you can add title/atty/state taxes,etc. You are probably also including prepaids which can include 1 years insurance policy/escrow/prepaid interest and if looking at an FHA or VA, then the upfront MI charge or funding fee.
It's competitive on this site. It works out best for the borrower, because you get the best deal. I'd rather charge you more, but, I wouldn't get your business :)
- oldskoolballr
- Contributions:158
Your question is a little vague. The costs that are extremely low are probably too good to be true and who in the world pays over 6% in closing costs?
Why are the closing cost so low for these lenders? Other inquires yeild cost that exceed 6%.
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