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re: Let's talk closing costs for home buyers
Posted on 3/20/16 at 8:13 pm to VABuckeye
Posted on 3/20/16 at 8:13 pm to VABuckeye
quote:
What? The negotiation for the transaction is done by his realtor if he has one and he can certainly instruct the realtor to attempt to negotiate closing costs paid by the seller into the transaction. The loan officer has nothing to do with this negotiation. The loan officers job once he has the loan is to finance and close the loan according to the terms of the real estate sales contract and the terms of the entity giving the loan.
The loan originators are always telling buyers to ask sellers for some or all of their closing cost.
This is a fact
3
Posted on 3/20/16 at 8:32 pm to MoreOrLes
Sellers want a certain amount of net profit. They could care less how they get there. A house is only worth what it is worth.
Posted on 3/20/16 at 9:57 pm to MoreOrLes
quote:I've bought 3 houses with 3 different loan originators. None ever cared to ask about that.
The loan originators are always telling buyers to ask sellers for some or all of their closing cost.
This is a fact
Posted on 3/20/16 at 10:20 pm to MoreOrLes
May wanna check those facts of yours.
The originator ultimately tells the home buyer how much he has to pay for his house. By asking for closing costs to be paid, he's encouraging the homebuyer to pay as little as possible for the life of his loan. What's wrong with that? What's wrong with anyone doing that?
With recent legislation closing costs are now capped by the federal government. But to be quite honest, who cares who is asking the homebuyer to act or negotiate in his own self interest as long as it's being done?
The originator ultimately tells the home buyer how much he has to pay for his house. By asking for closing costs to be paid, he's encouraging the homebuyer to pay as little as possible for the life of his loan. What's wrong with that? What's wrong with anyone doing that?
With recent legislation closing costs are now capped by the federal government. But to be quite honest, who cares who is asking the homebuyer to act or negotiate in his own self interest as long as it's being done?
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