New Consumer Article: Assuming Seller Concessions On Loan Quotes
The new consumer article for today is Assuming Seller Concessions On Loan Quotes, which discusses why lenders do this: To make an expensive loan look not so expensive. But there is no way to get seller concessions (Seller Paid Closing Costs) without paying for them in the purchase price. Which means you're paying for them twice - once in the purchase price, once for loan costs.
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