Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011
Re: Why are our closing costs so high?
We were offered this, but ONLY after we had a signed purchase agreement and were approved through desktop underwriting, which was months after we had our preapproval. I think my LO didn't want me to get my hopes up, and wanted us to have the money just in case or something....IDK. I wish I had known in advance this was an option. It saved us tons. Our rate went up .25 Percent, which was figured here to be 8k over the life of the loan.
STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720