Sunday, April 25, 2010
For home buyers it is a good time to push for lower closing costs which includes lending charges, local tax and transfer fees, and expenses for such things as title insurance, appraisal costs, and other third-party services. The rule of thumb used to be about 3 percent of the cost of the property.
According to Guy Cecala, publisher of industry newsletter Inside Mortgage Finance, Fees that buyers shouldn't have much trouble negotiating away include wire-transfer fees, loan application-processing fees, and high FedEx charges. Today, most buyers should be able to do better than that, added Guy Cecala.
Cary Pearce, production manager at Provident Bank Mortgage in Riverside, Calif says that it all boils down to what a lender will work for.
According to Guy Cecala, publisher of industry newsletter Inside Mortgage Finance, Fees that buyers shouldn't have much trouble negotiating away include wire-transfer fees, loan application-processing fees, and high FedEx charges. Today, most buyers should be able to do better than that, added Guy Cecala.
Cary Pearce, production manager at Provident Bank Mortgage in Riverside, Calif says that it all boils down to what a lender will work for.



0 Comments:
Post a Comment
<< Real Estate Investment