Home » Mortgage Loan » What are prepaids and closing cost in a mortgage loan? need help?
What are prepaids and closing cost in a mortgage loan? need help?
Loan officer and realtor trying to confuse me.
I am in Illinois, Condo is $119000… Last condo I bought, my friend was a loan officer, he paid most of my closing cost,all I paid was 1yrs taxes. About $ 2500. Now he is not around, I am buying another condo.…Developer's Preferred Lender During my initial months of househunting, I had a wonderful loan officer who I thoroughly enjoyed working with. I finally found a home (new construction)* and was told that in order to receive the 3%…how much are closing cost and prepaid… We are doing a VA Loan and the seller is contributing up to 7500 towards our closing and prepaids with 500 down for earnest money. Is this enough to cover our cost and not come…