Purchase

I don't care about closing cost the seller is paying them?

In most cases the seller is paying closing cost but you are still paying them. If the seller is paying 3% of the cost don't you think you could get the home for 3% less. Of course you do. Also if the seller is paying 3% closing costs and thier is money left over it can be used to reduce other costs---escrow account, insurance or interest. Make sure you state that in the sales contract or the seller gets the money back.

You can easily save a thousand dollars buy just shopping around and asking a lot of questions, loan officers hate that. The more informed they think you are the less likely for you to be overcharged. If you are scrapping up every last penny to bring to closing just grab your good faith estimate. See getting the best deal I'm sure you could cut at least $500. Read Good Faith Estimate.

They try to avoid talking about closing costs.The buyer gets caught up in the emotion of buying a house just like buying a car. They don't even look at closing costs until the are sitting down at closing looking at the settlement statement..

The closing cost are higher at closing. The loan officer knows you are not going to back out now. You have got everything packed and the rental truck he knows you are going to sign away. You are just happy you are getting the house and whole loan process is over. Let's start moving.

 

Bring your Good Faith estimate to Closing.If the settlement statement has higher cost ask why? It is very easy to change the settlement statement. But the Loan Officer is guessing you don't know that.

Insist they lower the extra charges. They will do it even if it means they have to cut their commission.

If the interest rate is wrong. The whole package will have to be redone which probably means coming back tommorow. That's fine with you. The house isn't going anywhere. Stay as flexible as possible with your moving times.