Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Potentially silly q re: closing costs
My husband and I are interested in a foreclosure that is eligible for a homesteps(Freddie Mac) promotion of "3% BCC" Would this mean 3% of our purchase price toward closing costs or just 3% of whatever the closing costs are?
I feel like 3% of purchase price makes more sense but I'm getting conflicting thoughts when I try to research it and we of course forgot to ask about it when we were with the REA today.
TIA!
Re: Potentially silly q re: closing costs
Sounds like it would be 3% of purchase price. I would double check with your lender as to how much your projected closing costs are, as sometimes you will lose that "extra" money.
You can always write the offer how you want it to be. I recently wrote an offer for a client where the BCC was going to exceed their closing costs, so we rewrote the offer that made sense for them.
To my clients, I'm available via text, email, and phone until 10 pm every day. Double check with your REA on what their boundaries are.
Good luck and if you have questions, feel free to PM me!
Kinsey,