Ask Experts Questions for FREE Help !
Ask
    lanalyn's Avatar
    lanalyn Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 5, 2009, 01:52 PM
    What are the closing costs when selling a house
    I am selling my house prior to the end of it's term and I am not buy another house. Besides a penalty for not refinancing with my bank what are the other costs that I will incurr? Is there a way that I can avoid the prepayment penalty by investing my equity?
    FrankK's Avatar
    FrankK Posts: 23, Reputation: 2
    New Member
    		  
    #2

    Jan 5, 2009, 03:58 PM
    Unless your agreement indicates you have a prepayment penalty, you don't have one. The vast majority of mortgages do not have them. If you do, then I believe you are bound to it, but you should seek the services of an attorney to make sure.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Selling my house costs through a lawyer [ 3 Answers ]

I want to sell my house to my neighbor next door. He has bought houses on both sides of me. Now he wants to buy my house also. I owe 41,000.00 on it and it is worth 200,000.00 +. He wants to give me 220,000.00 dollars for it. I will use the money I get from the sell of my house to buy another one...

Closing Costs [ 1 Answers ]

What closing costs can you deduct?

Closing costs [ 3 Answers ]

We closed on our new home on Dec. 1. There was an issue that came up at closing about the amount we needed to bring with us. The attorney's office gave us a number nearly $4,000 more the anticipated. Appparently this was the cost of the hud insurance(?) for one year. According to our loan...

Seller's closing costs [ 3 Answers ]

What closing costs are the seller's. What costs are negotiable?

Closing costs? [ 3 Answers ]

We Are About To Refinance,the Total Would Be 185.000 We Would Like A 30yr Fixed With No Points At 6.5% We Don't Know What The Closing Costs Will Be.does Anyone Know Approx How Much It Would Be.

View more questions Search