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Wedding Forums > Brides Helping Brides ™ > NWR - Coop Closing Question
NWR - Coop Closing Question
Mygmans Posted: Jun 06, 2006 03:23 PM+
Mygmans MEMBER SINCE: 9/05 TOTAL POSTS : 895 WEDDING DATE: Nov 05, 2006
Posted: Jun 06, 2006 03:23 PM bride-minus.png

NWR - Coop Closing Question

When you close on your coop do you make your first mortgage payment at the closing? We got a list of a ton of payments to make at the closing including the maintenance and other expenses but none list an actual mortgage payment.
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soontobmrsn Posted: Jun 06, 2006 03:41 PM+
soontobmrsn MEMBER SINCE: 4/06 TOTAL POSTS : 433 WEDDING DATE: Jul 05, 2007
Posted: Jun 06, 2006 03:41 PM bride-minus.png

Re: NWR - Coop Closing Question

nope its usually included in the bank closing cost list the attorney gives you before closing.....then you are mortgage free for about 6-7 weeks its nice!!!! Good luck and get ready to sign your name over and over again! :)
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xcalystax Posted: Jun 06, 2006 04:13 PM+
xcalystax MEMBER SINCE: 11/05 TOTAL POSTS : 2651 WEDDING DATE: Nov 17, 2006
Posted: Jun 06, 2006 04:13 PM bride-minus.png

Re: NWR - Coop Closing Question

Guys,
If its not too personal approx what is the range for the closing costs? We want to buy a coop but I am not sure how much we should have for closing?
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EJSD2006 Posted: Jun 06, 2006 05:38 PM+
EJSD2006 MEMBER SINCE: 9/05 TOTAL POSTS : 5546 WEDDING DATE: Jun 23, 2006
Posted: Jun 06, 2006 05:38 PM bride-minus.png

Re: NWR - Coop Closing Question

Posted by xcalystax

Guys,
If its not too personal approx what is the range for the closing costs? We want to buy a coop but I am not sure how much we should have for closing?


closing costs will usually run you anywhere from 3%-6% of the agreed on sale price.
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StreetDoc6531 Posted: Jun 06, 2006 05:44 PM+
StreetDoc6531 MEMBER SINCE: 2/06 TOTAL POSTS : 1479 WEDDING DATE: Sep 02, 2006
Posted: Jun 06, 2006 05:44 PM bride-minus.png

Re: NWR - Coop Closing Question

Not sure but Good Luck!!!
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lsiliato Posted: Jun 09, 2006 07:00 PM+
lsiliato MEMBER SINCE: 1/06 TOTAL POSTS : 202 WEDDING DATE: Jun 23, 2007
Posted: Jun 09, 2006 07:00 PM bride-minus.png

Re: NWR - Coop Closing Question

If anyone needs help I work for Countrywide Home Loans. I have helped some other girls here.
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Mdolph6 Posted: Jun 09, 2006 09:34 PM+
Mdolph6 MEMBER SINCE: 12/05 TOTAL POSTS : 3135 WEDDING DATE: Feb 16, 2007
Posted: Jun 09, 2006 09:34 PM bride-minus.png

Re: NWR - Coop Closing Question

Posted by lsiliato

If anyone needs help I work for Countrywide Home Loans. I have helped some other girls here.



I work for Countrywide to!!!
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AlmostMrsKelly Posted: Jun 09, 2006 09:36 PM+
AlmostMrsKelly MEMBER SINCE: 5/06 TOTAL POSTS : 1786 WEDDING DATE: Oct 15, 2006
Posted: Jun 09, 2006 09:36 PM bride-minus.png

Re: NWR - Coop Closing Question

we closed on our co-op last july. costs were maybe 1500 or so without the lawyers fee. and nope, no mortgage payment at closing. just maintenence. we didn't have a mortgage payment for 6 weeks
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