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how can I remove closing cost for fisrt time home buyer

by rev110255 from Alexandria, Louisiana. Jun 17th 2016 Reply


Erica Whiddon (erica@mylamortgage.com)
#27 ranked lender in Louisiana - 9 contributions

Anytime you purchase a home whether with a mortgage or a cash sale, you are going to have closing costs (attorney fees to do title search and convey title, recordation costs to the courthouse, homeowners insurance to insure the property). We can offer a lender credit to cover these costs or have them written into the contract for the seller to cover. We close deals every week in Louisiana with $0 money needed to close and have for the past decade. Call us if we can help 225-665-4399 or visit MORTGAGE225.com. We are local. Good luck! Erica

Jun 17th 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,802 contributions

More info needed to address your scenario specifically, but in genera,.. You cannot.. every loan, regardless of how its pitched to you, has closing costs.. lenders, title companies, real estate agents, appraisers.. etc.. none of them work for free.. All loans have costs.. it's just a matter of how they are paid.. If you are purchasing your first home and you only have enough for the down payment, but not the costs.. then there are several ways to get the costs paid.. you can ask the seller to contribute to your closing costs.. you can ask your RE agent to contribute part of their commissions, or you can select a slightly higher interest rate from your lender, and have your lender pay the costs for you.. or you can do any combination of these avenues.. But make no mistake.. there will always be costs involved.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jun 17th 2016
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,452 contributions

ALL LOANS have closing costs. You can't get away from them, but there are different ways of paying for them other than out-of-pocket. The two common ways are seller paid closing costs and premium pricing. In seller paid closing costs, while on paper it appears the seller is paying it for you, it really is just the way we roll it into the loan so you can pay over time, instead of out-of-pocket at closing. Premium interest rate pricing is where the lender will increase the loans interest rate, and collect the closing costs over time instead of out-of-pocket at closing. These are ways to pay that EVERY lender offers. So just ask! www.FirstTimeHomeBuyer-MN.com

Jun 20th 2016
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