Quote:
Originally Posted by bossku69
Funny you bring that up. Right before I was about to just give up and loose the $$ I already put up the broker calls me and admits they fucked up on the mortgage application. They apologized and said they were able to re-run the app as FHA and I even got a much lower interest rate than before (5%)
The whole time, the underwriter denied the loan because she was comparing the wrong tax transcripts (not looking at an amended return), but after someone higher up saw it, they gave it another look.
The sellers really needed to get out of the house badly and could not afford to list it back up for sale and knew it wouldn't sell... there are 3 others in the neighborhood for sale as well (all a bit smaller with smaller price tags). So turns out they are shelling out more $$ for closing costs.
Ironic how I thought I was screwed on this deal but ended up coming back to where it turned out to cost me very little to close on this house... which takes place tomorrow  |
good luck! glad it sounded like it turned out ok.
Are you paying PMI? how much does that cost?
Most of the time you find out the seller is bluffing, but you can't find out unless you willing to call them on it. And sometimes they aren't bluffing, so it's always a risk but usually worth the shot to turn the tables on them and tell them you going to walk if they don't come down on price or be more accommodating to you.