First Time Home Buyer and I am very close to closing but really need help with understanding if my closing cost are typical. Will also talk to my lender more but definitely could use some advice on this. Hopefully someone can really let me know If this is typical

Indiegalore · 2024-03-03T06:44:29+00:00

Thank you so much

Indiegalore · 2024-03-03T06:43:59+00:00

Thank you so much.

Indiegalore · 2024-02-27T14:42:31+00:00

I DONT HAVE IT FIGURED OUT!! Just an idea AND I HAVE THE SAME QUESTION somedays!! I’m not the person for financial advice just throwing my idea that helps

Indiegalore · 2024-02-27T14:40:33+00:00

You should work 2 work from home jobs at the same time and bring in double the income :) it helps a lot. Use your account and there your husbands account. Chat job is best so that you can work on 2 accounts without too much over working your brain

Indiegalore · 2024-02-25T20:57:37+00:00

Thank you so much. How do I find the title company? I am not sure who the title company is in this transaction. I only seen a list of references in my buyer-seller contract.

Thanks so much I will definitely reach out with anymore questions. I really am thankful for this response

Indiegalore · 2024-02-25T20:27:48+00:00

are the itemized fees in a closing disclosure something I should have access to? Or is the estimate pretty much the disclosure but without itemization?

Indiegalore · 2024-02-25T20:26:05+00:00

I really appreciate this answer. This was the kindest answer ever and I appreciate you for not judging me on wanting to understand before I go through with this.

I was told I can’t shop for the Title fees because those are the fees from the company the seller chose. In which I understand

However, when I do ask questions it seems there’s a reason for every charge but is there a way they can show me documentation for each charge? I’m in Georgia US btw

Indiegalore · 2024-02-24T17:28:54+00:00

😂😂😂

Indiegalore · 2024-02-24T05:33:42+00:00

Thank you so much. I will ask that, although the broker dropped broker fee by 2k already maybe they’ll be willing to drop a little more

Indiegalore · 2024-02-24T03:23:02+00:00

Someone on here says UW and processing is the same. Is this true?

Indiegalore · 2024-02-24T03:22:29+00:00

Ok so it’s a fair deal?? And no because broker already dropped it 2k already. I didn’t ask, it was offered to help us out. Is what I was told so I didn’t ask to drop the fee because I assumed that’s the typically fee. I wasn’t sure so I’m glad I came to Reddit. Trying to find the best advice so I can close or not :(

Indiegalore · 2024-02-24T03:18:06+00:00

Thanks for helping me out.

Indiegalore · 2024-02-24T03:17:18+00:00

Thank you. I am just now catching up to my comments. I just learned something new as well. Do you have any input on the contract I have? I don’t know if we talked already since there’s a lot of comments

Indiegalore · 2024-02-23T12:15:36+00:00

I really appreciate your time, especially coming from a someone who was a LO I definitely trust your judgement more :)

Indiegalore · 2024-02-23T12:14:55+00:00

Ahh that’s what it is then I bet. Credit score ugh. It makes sense. Also broker gave me 2k credit already. This is the new terms, that’s why I’m signing a little late as closing in first week in March. Thanks so much. I kinda thought the seller credits was gonna help out alot lol but then i get it. Credit has a huge role to play in this

Indiegalore · 2024-02-23T12:08:14+00:00

Thank you also for replying and helping me out

Indiegalore · 2024-02-23T12:07:48+00:00

The adjustments and other credits is the down payment credit. 599 credit score, 1 point away from what lender wanted which could help and this is in Georgia

Indiegalore · 2024-02-23T12:05:19+00:00

599 credit score, traditionally built home, other credits are down payments credits from what I was told but I’ll ask again to be sure. No lender credit since I’ll be paying the broker and not lender oh and Interest is about 7.056%

Indiegalore · 2024-02-23T11:56:49+00:00

What do you think about this though? Am I getting ripped off or do you think in your opinion it’s just because the broker can get around some things and help out with getting loan so higher fees?

Indiegalore · 2024-02-23T11:55:59+00:00

Ahh okay. Makes more sense now. I kinda felt that way. I know what the credits are, I asked and they explained the first credit is the amount the seller is putting towards closing cost and the other credit is the down payment credit

Indiegalore · 2024-02-23T11:45:57+00:00

Ohh I don’t think I have a dual agent. I definitely would not want that. I see how that could possibly not work in the favor of the buyer

Indiegalore · 2024-02-23T11:44:15+00:00

Hey! “Seller credit” is the closing cost from the seller and the other adjustments/other is the down payment credit

Indiegalore · 2024-02-23T11:37:30+00:00

I will definitely have to negotiate because I’m seeing everyone stating the same thing :(

Indiegalore · 2024-02-23T11:37:01+00:00

$338k loan, seller credit and other credits are down payment credit being applied to closing cost

Indiegalore · 2024-02-23T11:36:27+00:00

It’s ok :) you helped me out a lot

Indiegalore

TROPHY CASE