Personal Finance and Investing

We bid about $9k over the total bid and contracted with the seller to pay all closing costs. So, basically we financed our closing costs. The appraisal has to come in at least the bid amount to pull that off. Depending on how your loan is financed… FHA, VA, conventional, each type has different “policies” on rolling closing costs in. But, the overbid is how we did it.

3. Our real estate agent referred us to their in house finance person (mortgage broker) and they had lenders who they shopped the loan contract to. We got a good rate and then our loan was sold to a bigger company soon after. Like you, we had already crunched the numbers so we knew pretty much how much house we could buy.