Video Transcript:
Everyone thinks about closing costs as one big bill. But you can choose to have your lender pay them. This decision is not free, it’s a trade. My name is David Ghazaryan, and I build these loan structures daily. The lender pays your upfront costs by giving you a slightly higher monthly payment rate. For example, a lender covers your ten thousand dollar bill for a higher rate. (Data may vary over time). This one change can cost you much more later. An alternative strategy is asking the seller for a credit during your negotiation. They can help pay your costs, which protects your interest rate for the future. Which choice is better depends on your timeline. If you plan to move soon, the lender credit saves cash. If you stay, a seller credit saves more. This single decision is part of your larger financial structure. I explain more on my social platforms and website. See all links in the description below.
Read Blog Here: https://www.iqratemortgages.com/blog/las-vegas-lender-credits-vs-seller-credits-which-is-better
