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- Certified Specialist, Real Estate Law, The State Board of Florida Board of Legal Specialization
- Title Insurance Closings - residential and commercial
- Wills - Trusts - Estate Planning
- Probate Administration
- Incorporations - LLC Formations
- Condominium Law
The
Closing
as answered in The Breeze by Attorney Sylvia E. Heldreth
as answered in The Breeze by Attorney Sylvia E. Heldreth
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My husband and I have spent days searching for a balloon loan that does not have points or closing costs and that guarantees the lender will refinance when it comes to term. Our thinking is that we want to conserve our cash now and be guaranteed refinancing in the future. We finally found what we were looking for and have just received our closing documents to review. We are surprised to see that closing costs are included in the loan balance and that the lender does not have an obligation to refinance in five years if we are late, even once, in our payments. Can this be right?
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My husband and I will be closing on our new home in a few weeks. When I told my cousin in California about this important event she related a story about her closing costs that sent chills down my spine. She said her actual costs at closing were three thousand dollars higher than she had been quoted. Unspecified "additional fees" were over $500. Isn't there a law against this?
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My husband and I have just moved to Cape Coral and we are about to buy a new house. We have purchased several homes in the past and we are always surprised about closing costs. Sometimes they are less than we expected sometimes much more. This doesn't seem right. Is this the same everywhere?
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We were about to schedule the closing on the sale of our house when my Realtor advised us to rush the date up to the end of this month. It would have been more convenient for us to have it during the first week of next month but she said that would cost us hundreds of dollars in extra interest. It seems that we have to pay interest right to the end of next month, even though we have paid off the mortgage. Can this be true?
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My husband and I are trying to buy our first home. We have saved for a down payment but our Realtor mentioned closing costs. What are closing costs? Does everyone pay them?
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This information is not intended
as specific legal advice to anyone and is based upon facts that change from time to time. Individuals should seek legal counsel before acting upon any matter involving the law. |
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1215
Miramar St., Cape Coral, FL 33904
Telephone: 239-542-8899, Facsimile: 239-542-2923 |
Contact Us: Heldreth1@aol.com