Submitted by Anonymous on Mon, 07/14/2014 - 02:20
Closing cost
Closing cost
Is there any way by which i can reduce the closing cost of my home loan?
1 Answers
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If funds are tight you can always take a slightly higher rate and get a bank credit to cover the closing costs - we do this all the time the down payment still has to come from your funds but the credit can cover both recurring (taxes and insurance) and non recurring (all the hard costs - appraisal title etc)......
Let us know if we can help
Brian Barnes
ENG Lending - Nationwide