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Updated over 16 years ago on . Most recent reply

User Stats

88
Posts
9
Votes
Phil M.
  • Developer
  • Staten Island, NY
9
Votes |
88
Posts

Private Lender reduces closing costs?

Phil M.
  • Developer
  • Staten Island, NY
Posted

I noticed that a good portion of closing costs come from the lender (a credit union or other institution). Application fee, credit check, lender's attorney fee, all come from the lender. That being said, if I have a private lender do I forgo these costs? And can it significantly reduce overall closing costs?

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