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Friend issue with New home closing


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Posted

Builder Initially told the house construction will take 12 months.

But Builder completed build in 7 months and asking my friend to confirm the closing date.

He initially through 12 months can be leveraged to adjust finances but 7months .. he is only able to pay 10% down payment and Interest rate is also high antunnadu..

she he back out ? 

Posted
1 minute ago, Sonu_Patel said:

Builder Initially told the house construction will take 12 months.

But Builder completed build in 7 months and asking my friend to confirm the closing date.

He initially through 12 months can be leveraged to adjust finances but 7months .. he is only able to pay 10% down payment and Interest rate is also high antunnadu..

she he back out ? 

nee friend ayye undi sign chesadu antey inka back out chesthadu ga automatically

aa gunde ki salam ra 

Posted

Back out. Interest rate year end ki adjust chestharu. Ippudu rod rates.

Posted
7 minutes ago, yemdoing said:

prapamcham lo unna daridrulu andharu neeke friends la unnaru..

no need to back out... refinance after a year.

what about re-selling after closing ? he is expecting over 150k on this transaction. 

Posted
 

Initial Contract lo possession date gurinchi emaina details unteee. He can use it to kill time. 

Posted
8 minutes ago, Sixers said:

Back out. Interest rate year end ki adjust chestharu. Ippudu rod rates.

7.5% APR anadu mari

Posted
13 minutes ago, Sonu_Patel said:

asking my friend to confirm the closing date.

builder gadu ila adukkodu…once construction is done, he will enforce closing unless you don’t have any contingencies. fake pakodi post lu..

Posted
1 minute ago, reality said:

builder gadu ila adukkodu…once construction is done, he will enforce closing unless you don’t have any contingencies. fake pakodi post lu..

he is enforcing ba.. he gave 3 dates and asking friend to confirm one of them. 

  • Sad 1
Posted
1 hour ago, Sonu_Patel said:

Builder Initially told the house construction will take 12 months.

But Builder completed build in 7 months and asking my friend to confirm the closing date.

He initially through 12 months can be leveraged to adjust finances but 7months .. he is only able to pay 10% down payment and Interest rate is also high antunnadu..

she he back out ? 

Anna , read the room . right now only politics running in this DB . 

Posted
1 hour ago, Sonu_Patel said:

7.5% APR anadu mari

Yevadu bhayya 7.5% antunnadu. Vammo.

Posted
2 hours ago, Sonu_Patel said:

Builder Initially told the house construction will take 12 months.

But Builder completed build in 7 months and asking my friend to confirm the closing date.

He initially through 12 months can be leveraged to adjust finances but 7months .. he is only able to pay 10% down payment and Interest rate is also high antunnadu..

she he back out ? 

She he ante SheMale like you ?

  • Haha 1
Posted
1 hour ago, Sonu_Patel said:

7.5% APR anadu mari

RatePaymentLender FeeAPRDetailsTotal5.750%$3,636$14,6336.143%viewdetails of the 5.7500001043081% rate in a popup dialog.Total5.875%$3,684$11,1836.216%viewdetails of the 5.8749999850988% rate in a popup dialog.Total6.000%$3,732$7,6916.288%viewdetails of the 5.9999998658896% rate in a popup dialog.Total6.125%$3,781$4,5116.365%viewdetails of the 6.1250001192093% rate in a popup dialog.Total6.250%$3,829$4,0496.486%viewdetails of the 6.25% rate in a popup dialog.Total6.375%$3,878$9896.563%viewdetails of the 6.3749998807907% rate in a popup dialog.Total6.500%$3,927($1,867)6.691%viewdetails of the 6.4999997615814% rate in a popup dialog.Total6.625%$3,977($2,005)6.819%viewdetails of the 6.6249996423721% rate in a popup dialog.

Posted
2 hours ago, Sonu_Patel said:

Builder Initially told the house construction will take 12 months.

But Builder completed build in 7 months and asking my friend to confirm the closing date.

He initially through 12 months can be leveraged to adjust finances but 7months .. he is only able to pay 10% down payment and Interest rate is also high antunnadu..

she he back out ? 

30-Year Fixed Rate

$600,000 Loan Amount
6.125% rate/6.365% APR
Closing Costs Cash to Close Disclosures
  • Lender Fees/(Credits)$4,511
    • Discount Points 0.586%$3,516
    • Guaranteed Lender Fee$995
  • 3rd Party Services We Select$2,266
    • Guaranteed Appraisal Fee$592
    • Guaranteed Credit Report Fee$90
    • Guaranteed Flood Cert Fee$5
    • Guaranteed Overnight/Wire Fees$90
    • Guaranteed Settlement Attorney Fee$1,400
    • Guaranteed Tax Service Fee$89
  • 3rd Party Services You May Select$3,076
    • Title - ALTA 8.1 (Environmental)$25
    • Title - Attorney Fee$500
    • Title - Lender's Title Insurance$2,441
    • Title - Tax Search$110
  • Recording Fees$445
  • Transfer Taxes$11,550
  • Optional Owners Title Insurance$1,209
    • Title - Owner's Title Insurance (optional)$1,209
  • Total Lender & 3rd Party Costs$23,057
 

 

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