nonrecurring: Settlement Costs & Credits
- 06/17/09 05:34 AM
Ask your trusted Realtor about Credits for closing/settlement costs. You can roll those settlement costs into your loan by asking for a credit from the seller. Most banks used to only allow credits to go towards non-recurring closing costs which were everything except Loan payments, Property Tax and Home Owners Insurance. The average settlement costs for Title Insurance, escrow fees , notary fees and others come to about $3000 on a nationa average but can double with the prorated fees as well as additional loan fees that might be charged. In California I have done this for several clients. Ask for (0 comments)