Quote:
Originally Posted by will76
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.
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Yes, with an FHA loan I have to pay PMI until 16.5% of the loan is paid off and its something like $40 or $60/mo or so, not to bad.
We are friends with our agent and the sellers are friends with theirs... and both agents know each other, but they came forward with paperwork even showing their situation. They came back to us offering more $$ if we would still be able to close, so its not a bad deal at the end of the day.
Luckily the sellers have been really cool with us from day 1, so I can't complain at all. Left the place in perfect condition... now its just time to start paying the mortgage lol