Posted on: 17th Jun, 2010 08:40 pm
Is it normal to oay closing fees; from the lender; and then have those same lender fees added on to you total loan amount. So you pay the interest for 30 years, as well as paying them up front......
Hi Guest!
Welcome to forums!
You don't have to pay closing costs twice. You can either pay the closing costs at the time of the closing or you can ask the lender to rollover the closing costs within your mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You don't have to pay closing costs twice. You can either pay the closing costs at the time of the closing or you can ask the lender to rollover the closing costs within your mortgage.
Feel free to ask if you've further queries.
Sussane
You should not have to pay ANY fees upfront except for the appraisal. If whoever you are shopping for a mortgage with tries to get more fees out of you it is a huge red flag and a tactic employed by the likes of scammers like Amerisave, Quicken and the likes as a way to make you fee like you're committed to them. So by the time you realize you're getting screwed some consumers are just like ''well, I already gave them the $500 ''deposit'' or however much they are fleecing consumers for these days.
Check with a couple other lenders prior to giving any lender upfront $$$
Check with a couple other lenders prior to giving any lender upfront $$$