How To Pay No Closing Costs When You Buy…

Good Morning!

I originally sent this email out to you about 1 year ago.

However, I get asked about this so often, I wanted to re-print the email here for you now…

I get asked this question a lot by clients who are buying houses…

…”Can we just roll closing costs into the loan?”

The short answer…  No.

You can do it with no problem on a refinance, but not a purchase loan.

…but there is an indirect way to do it on a purchase loan.

The best way to roll closing costs into your purchase – is to ask the sellers to pay your closing costs.  …the way you do this is to make it part of your contract offer.

…they will either say “yes” or “no” to your request for them to pay closing costs.  …so, right here you have a 50/50 shot at it.

If they say “no” – it’s still not over.  …you can just offer to add the closing costs to the price of the home (as long as it will appraise) – and then ask the sellers to pay them.  …they will usually say “yes” to this.

Good luck house hunting!  …call me or email me if you have additional questions.

Thanks for reading – and have a great day!

Brett