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07.13.08, 18:34 PM General Topics
9 replies
Has anyone taken a mortgage lately? I have a client who needs a $125k. mortgage (30 yr. fixed, 6% First Time Buyer program). She is being quoted $4k. in closing costs? That seems high to me??? [ Reply | Watch | Flag ]
General Topics 07.13.08, 06:34 PM Flag
 

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Actually, right on the mark- mtg tax 1.8%, title bill 1.5%., bbank fees 1,000. [ Reply | More ]
General Topics 07.13.08, 06:36 PM Flag
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`unfortunately, some bank fees are set, so whether she got a 125 mtg or a 500 mtg, she still pays the saem app fee, bank atty fee, etc. [ Reply | More ]
General Topics 07.13.08, 06:37 PM Flag
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I am in Mass, attorney does title search and I don't think we have a mortgage tax...is this federal or state. Thanks! [ Reply | More ]
General Topics 07.13.08, 06:37 PM Flag
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NY state mtg tax. DOnt know about Mass. Usually bank fees are a thousand, so I would get a good faith estimate from the broker to show the breakdown, federal law states they must get one when commitment is issued. [ Reply | More ]
General Topics 07.13.08, 06:39 PM Flag
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Thank you v. much [ Reply | More ]
General Topics 07.13.08, 06:40 PM Flag
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she must be buying down the interest rate a point or two or paying origination fees which is not usually nec [ Reply | More ]
General Topics 07.13.08, 06:36 PM Flag
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In NY, closing costs are approx 3-5% of the purchase price. [ Reply | More ]
General Topics 07.13.08, 06:37 PM Flag
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ah - it does vary greatly by state [ Reply | More ]
General Topics 07.13.08, 06:38 PM Flag
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Isn't that totally unsanitary? Maybe you could tell the teacher that your ds scratched his behind and got a hand full of pooh. [ Reply | More ]
General Topics 07.13.08, 06:46 PM Flag
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