Cash Back At Closing.

by Kelly
(SK)

Just wondering how many times you have gotten cash back at closing and if its one of the things you look at when checking out a investment? I have an idea how it works but could you give me some more details.

Thanks Kelly

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Jul 26, 2012
 RE: Cash Back At Closing
by: Tom Karadza

Hi Kelly, we've never used those types of mortgage programs because often we weren't able to get the best interest rate possible with them. We assume that's what you're talking about? Mortgages with cash back options? Also, they're usually reserved for your own home and not investments.

Other than that we have occasionally negotiated cash from the seller to pay for our closing costs. It's handled through the lawyer and listed as a credit on our disbursements at closing from the lawyer.

Tom

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