How to use the grant 3% seller financed mortgages without closing time?
Here’s my situation, I am now on a contract, a home for $ 300,000 and the seller (a bank) has agreed to provide up to $ 9,000 (3%) in grants seller. In the meantime, I have a lender who is willing to make a loan closing costs. My loan is $ 240,000 when I put 20% (ie $ 60,000). Could you please advise me how smart you are using this subsidy seller? Should I re-negotiate the price with the seller? (Lowering the price to $ 291,000) or is there another way to use it for $ 9000? Please help Sie.Meine interest rates are the same, with or without charges. My Details of loan: 15 years fixed rate mortgage and even if I buy points (max: 1.25) to reduce, or I end up with a cost of closing approximately $ 6,000 $ 3,000 meaning remains unused.