Mar 102011
hello,
We are trying to decide whether to use redfin, and I am confused about my cold. The officer said my loan (credit union): redfin rural, a discount to close the bail provision of what we can not have any credits from brokers to accept your loan credits only accepted from the seller to “non-recurrent costs close” .. So, if we have to pay a point on loan to us, for example, you can not, but we will receive at a later time to verify the full amount? In our case, we hope to spend $ 800K, your share will be $ 24k, you send us a check for $ 12K? And it will not be subject to tax on income? Thanks for your help .style = “float: left; margin: 5px; font-size: 80%;”>
/ Division>
I’m looking for a condo maintenance fees, but somewhat high for sale. I want a way to make my money stretch to see, even if it means adding time to my mortgage.
Posted by admin Tagged with: Commission, Response
maintence fees are high!!!
but then look into the fine print..
sometimes they pay your hyrdro, or have a gym, or provide a shuttle bus, or a pool
they also keep up the grounds, security and pay for building insurance.
that being said..when you qualifty for your loan ??? you have qualified??? spoken to a broker on how much you can get for a loan???
they do put in an ap. amount for maintence fees..
yes you do have to pay maintence fees..some are less..but some are more.. depends on the building and maybe that building isn’t for you..
also read the minutes of the meetings in case of special condo fee assessment..as a new roof etc…you could end up with another $ 500 special assessment..
good luck and enjoy
I am not 100%, but I am 99.9% sure that you cannot include them. You can include the taxes and home owners insurance though, it’s called escrowing. They are due every month anyway so the payment wouldn’t save any time if you could include them anyway… Any other questions feel free to email me…
No, your association dues can’t be escrowed into your mortgage monthly payment. Only principle, interest and property taxes.
you can probably get a cashout refinance, and pay for the maintanance, or open a scrow account that covers maintnance fees. it all depends on your Hom owners regulations and requierments.
Absolutely not.
Mortgages are secured by the property. No lender on earth is going to finance your maintenance.
Since maintenance fees can and do go up on a regular basis, you probabl;y should find a place that you can afford.