I’m glad I work for a correspondent–but these times are pretty scary. It is like playing “break the ice” and as a mortgage originator, you must be able to hop quickly to something more stable.

The seller’s costs are part of the equation for a buyer too, as those costs often influence the price you pay to the seller so that the seller can pay those costs.

A series of posts that covers the process start to finish (even on finding an agent), from both sides of the transaction would be a fantastic resource. Even though I’ll next be in the position of a buyer, it’s good to know there are things like a real estate excise tax when I go to sell.

No pressure or anything though…!

Thanks,
Gene

For example, Borrower A has a house, his rate for a 30 year fixed is 4.75% with 1 point.

Another Borrower B has a condo, his rate for for the same at 4.75% would cost 1.75% OR the 0.75% could be financed with “rebate pricing” (which has a larger spread these days) and be around 5.125-5.25% (roughly) with 1 point.

Here is an Anatomy of a Real Estate Transaction from the time the offer is accepted until you move in to your new house. I wrote it when I first started blogging almost three years ago. But I think it is still fairly accurate.

It starts at the end, so you read it from bottom to top. It’s color coded by who does what.

http://www.realtown.com/Ardell/blog/the-escrow-process/ardells-anatomy-of-a-real-estate-transaction

Here’s one on Closing and Keys

http://www.realtown.com/Ardell/blog/closing-and-keys

You can poke around this index for buyers for other topics

http://www.realtown.com/Ardell/blog/buying-a-home

If you give me a rounded purchase price and % down, I’ll do the Cash to Close for you as a generic post.

Here’s one I did for a specific client:

http://www.realtown.com/Ardell/blog/first-time-home-buyer/closing-costs-for-adrianna

Hope that’s helpful. Feel free to ask for more after look at that. I’d be happy to answer any questions in an additional blog post.