Quote:
Originally Posted by Timothyimitchell
Seems like buyers closing costs from a lender are higher in the villages. What type of experience have you had if you chose a conventional loan here?
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Closing costs like most of this stuff seem to be deliberately confusing. Points for example you pay upfront to get a lowered interest rate on the loan. How do you pay? It is in the closing costs.
We are the first owner of this home. Excellent credit etc etc etc. I checked about renegotiating the interest rate. Same bank. They wanted to charge us 4,000 in closing costs. Legal theft. Charge for title search. As the lender on our home if there was a lien placed on the property they would be notified.
Banks, it is a business. They are tightly regulated. As much as they CLAIM to like you when you untie the math you will discover the cost is very close except for thing like VA loans.