When we purchased in April 2014 we were presented with a similar closing schedule and were told it would be best if we handled any financing through Citizens. Although we already had a long relationship with BOA we decided to give Citizens a shot at our business. Not only were their rates and closing costs much higher it turned out that they could not provide the relatively short term financing we needed. We therefore ended up going with BOA who completed the entire process in under two weeks. Since everything was complete we requested that the closing be moved up so that we could handle it in person in lieu of having to send the documents via the mail back to NC. The response to this request was to provide us with a $250 change order to cover administrative costs for changing the terms of the contract. I very politely (not) told them where they could put their change order and let them mail everything on the original closing date. Seems like they could have figured out that the savings in taxes, utilities and loan interest would have been incentive enough to allow the early closing but they would not waiver from their position. Our agent even offered to pay the fee out of his own pocket which I refused to allow.
|