It's not possibal to reserve escrow account to 12 month. If you close after May 10th, you need to reserve 8 month insurance and tax, at closing you need to pay one yr home insurance. How about the closing cost your mortgage agent quote for you? Add them together still not over 10000, just ask the seller reduce the sale price, let your agent prepare a amendment to show the new sales price.
Thanks for your answer. Current my mortgage offers me 4.875% with one point and four months of prepaid property tax and hazard insurance. There are still a couple of hundred dollars left. It is very unlikely that the seller will reduce the sale price because it's a shorsale and nobody wants to go through the bank approval process again.
after need the
【在 c******l 的大作中提到】 : It's not possibal to reserve escrow account to 12 month. If you close after : May 10th, you need to reserve 8 month insurance and tax, at closing you need : to pay one yr home insurance. How about the closing cost your mortgage : agent quote for you? Add them together still not over 10000, just ask the : seller reduce the sale price, let your agent prepare a amendment to show the : new sales price.
You can ask the seller buy a casher check to pay the difference at closing ( under the table, don't let the title company know)
point
【在 w**1 的大作中提到】 : Thanks for your answer. Current my mortgage offers me 4.875% with one point : and four months of prepaid : property tax and hazard insurance. There are still a couple of hundred : dollars left. It is very unlikely that the : seller will reduce the sale price because it's a shorsale and nobody wants : to go through the bank approval : process again. : : after : need