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re: 30 year mortgage rates.
Posted on 5/20/16 at 11:13 pm to hawkeye007
Posted on 5/20/16 at 11:13 pm to hawkeye007
You must work for Whitney. That is what I did. 5/1 arm 1st, and now converting to a 30 year. I can't say I really understand. I am still doing a second closing and have some (it seems some duplicated) closing cost associated with it? In retrospect, I am not sure that this was the better route.
I was initially under the impression that it was in fact a one time closing, and I paid everything up front. I didn't realize I would be bringing several thousand dollars to convert to a 30 year.
I was initially under the impression that it was in fact a one time closing, and I paid everything up front. I didn't realize I would be bringing several thousand dollars to convert to a 30 year.
Posted on 5/24/16 at 1:48 pm to vettegc
what your bringing to closing is your title insurance and your escrows. and yes that can add up to several thousands of dollars very quickly. and yes I work for whitney.
Posted on 5/25/16 at 9:14 am to vettegc
quote:
I didn't realize I would be bringing several thousand dollars to convert to a 30 year.
Escrow accounts don't roll over typically, so anything you put in for escrow will be refunded from your old account.
I received a $2k check the other week that offset the $2k I had to bring to closing for new escrow
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