RE-AGENT asked:


I have a contract to buy a new constructed house with a base price of $560K. Add the options and cost end up $582K. Builder to pay $11K towards closing if their own lender, closing, and insurance company will be used. If not, overall cost will be $593K. The lender, during the preliminary pre-qual, had tacked junk fees which I expressed my unwillingness to pay, followed by letter stating the same. She said that it will be visited again when the final settlement date is confirm. Their rate is also a half percent higher compared with others locally. Our credit score is on the 800+. Is it worth to go with this builder lender or find another lender with lower rate and forfeit the builder’s closing assistance? Or does anyone know if this practice (tie-in) is legal in the state of Maryland?

Ivory

Immortal Myth asked:


I am trying to close on this house that I am about to buy but I am running into a huge … well maybe not huge but a difficult problem … in filling this form out … its a private seller and I have been pre-approved and this is all I need left to set the closing cost date … this is a huge thing to me and I need help … its confusing when it comes to all these legal papers and contracts … The form is a purchase agreement that he doesnt want to pay a dime … which is understandable … Ok … what I am asking is … more specific is what goes where on this form … below is the link that goes to the site and its form 20-7 …. so please … your help would be greatly appreciated ….

http://www.trec.state.tx.us/formslawscontracts/forms/forms-contracts.asp

Kristian