House info

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AprilO

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PostPosted: Mon Aug 31, 2009 8:07 pm    Post subject: House info

Hey I was wondering if anyone knows if you can still roll over closing costs into a new loan when buying a house in michigan??
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Icon Mini Profile sunnyca2009




Joined: 04 Aug 2009

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PostPosted: Mon Aug 31, 2009 8:17 pm    Post subject:

Yes you can
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PostPosted: Mon Aug 31, 2009 8:33 pm    Post subject:

My mortgage lady told me that they just past a law 6 months ago stopping the roll overs...Can I ask you how do you know??
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PostPosted: Mon Aug 31, 2009 8:35 pm    Post subject:

I'm just wondering if I should find a new mortgage company
Icon Mini Profile jameshogg
jameshogg



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PostPosted: Mon Aug 31, 2009 11:53 pm    Post subject:

Hi AprilO,

It may vary from lender to lender. Some lenders would allow you to roll in your closing costs within the mortgage. In some cases, the seller can also pay the closing costs on behalf of the buyer.

Thanks
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