Wednesday, April 7, 2010

When It's Smart To Roll Your Closing Costs Into Your Loan...

Good morning!



I get questions about closing costs a lot...



...When is it best to roll closing costs into the loan (on a refi)?



...Can the mortgage company pay the closing costs?



The basic answer to these questions are:



If you are planning on staying in the home over 4 years - it's not a bad idea to roll closing costs into the loan.



If you are planning on selling or refinancing your home within the next 3 years - it's not a bad idea to let the mortgage company pay your closing costs.


I hope you have a good day today. Thanks for reading!


Brett

No comments:

Post a Comment