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.
soontobmrsn
Posted:
Member since
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! :)
xcalystax
Posted:
Member since
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?
EJSD2006
Posted:
Member since
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.
StreetDoc6531
Posted:
Member since
Re: NWR - Coop Closing Question
Not sure but Good Luck!!!
lsiliato
Posted:
Member since
Re: NWR - Coop Closing Question
If anyone needs help I work for Countrywide Home Loans. I have helped some other girls here.
Mdolph6
Posted:
Member since
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!!!
AlmostMrsKelly
Posted:
Member since
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
