Tag Archive for: lender credit

No Lender Fees & Lender Credits = Higher Rates; No Free Lunches

We recently had a Texas borrower almost leave us for a competitor that was offering “no lender fees, no appraisal fee and a small credit for closing costs.” Fortunately though, […]Read More

Seller & Lender Credit Guidelines

Here are a few quick reminders/guidelines for Seller and Lender Credits. If a credit is specified to be for a repair anywhere in a purchase contract, the repairs will have […]Read More

Lender Credits for Closing Costs; Save Deals For Cash-Tight Buyers

When we have buyers who are very tight on cash, we usually recommend a lender credit for closing costs. This is especially the case in competitive markets where seller-credits are […]Read More