Re: Lowball Offer on House
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That seems like really high closing costs on a $250k home.
Are you paying points to buy down the rate, and what is the rate? If not, you are being taken to the cleaners.
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The good faith estimate is about $3500 closing costs (loan origination, processing, title fees) and $3500 escrow (taxes and insurance). My agent said the 3% of purchase price can be put toward all of the above. Is he giving me bad info?
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