To: 4everontheRight
At that value level you’ll have MI as well. Mortgage Insurance - you can sometimes get by without it but then the interest rate will be higher.
For that size loan the closing costs seem OK, maybe a bit high but again I’d want to see a full GFE to see what’s included in that. But I don’t know SC either.
How long are you staying in the house?
52 posted on
01/31/2008 8:12:07 AM PST by
RockinRight
("Mike Huckabee appeals to the type of person who thinks pro-wrestling is real." - TQC)
To: RockinRight
A lot of people complain about title insurance, perhaps fairly.
But PMI is the ultimate ripoff. One might as well take the money out to the back lawn and burn it.
53 posted on
01/31/2008 8:15:19 AM PST by
Petronski
(People get the kind of government they deserve.)
To: RockinRight
Oh we will be in this house another 10 years anyway...my son is 16 and off to college soon so I won’t sell this house until he is out on his own
57 posted on
01/31/2008 8:23:00 AM PST by
4everontheRight
("Boy, those French: They have a different word for everything! "- Steve Martin)
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