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How do I reduce closing costs on my Mortgage




Well, there are a few ways to reduce the closing cost on your mortgage. For instance, some banks agree to help borrowers with reduced origination fees for preferred rewards members. Bank of America offers this facility. So you can join loyalty programs.

There is yet another thing you can do. You can try to close the loan at the end of the month. For example, if you close on 29th of any month, then you have to pay interest for only one day. If you close on 6th of any month, then you have to pay interest from 5th to 30th of that month.


Sub: #1 posted on Tue, 02/18/2020 - 01:41

Nick Jonas Nick Jonas

(Posts: 423 | Credits: )

You can always negotiate on the closing cost while you take out the mortgage loan.
A simple trick: Try to close the house at the end of the month. Doing so, you might be able to reduce the closing cost.

Sub: #2 posted on Tue, 02/18/2020 - 03:31

Mabelle Page Mabelle Page

(Posts: 253 | Credits: )

Evaluation of the cost and loan is important. You need to have good negotiation skills as well. because you need to negotiate the fees with your lender. Also, follow the above tips.

Sub: #3 posted on Thu, 02/27/2020 - 23:45

sanderspatricia29 sanderspatricia29

(Posts: 1189 | Credits: )

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