Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Why Saving For Closing Costs Doesn't Make Financial Sense

Notify me of new replies via email
Mortgage Professional America | 23 Oct 2012, 10:28 PM Agree 0
Can't afford to pay the down payment AND closing costs? Now is not the time to put the brakes on the home search! If you are pre-approved and on the home search, put the brakes on by deciding to save for closings.
  • Matt Garnes | | 24 Oct 2012, 02:17 PM Agree 0
    About 90% of purchases these days are bank owned properties. The problem with asking the bank for closing costs is they have 20 other offers on the table without concessions. We close 30 - 40 deals per month in our office and I have yet to see a bank pay for closing costs.
Post a reply