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Tax, SDIRAs & Cost Segregation

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Savon Eckert
  • Yonkers, NY
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Closing on my first property !

Savon Eckert
  • Yonkers, NY
Posted Nov 6 2019, 21:45

Closing on my first property purchase price 356k, I wrapped a 18k sellers concession into my mortgage, it’s a 203k loan I’m getting a 76k renovation loan totaling a loan amount of 432k. My lender told me I need to bring 9k and change to closing, now that the seller signed the contract my attorney sent me paperwork detailing her fee amount and services provided including THOROUGHBRED TITLE SERVICES for record deed, city mortgage recording tax% amount, loan policy premium ect. Amounting In $8,459 Now I’m confused and not sure if I have to come up with these funds in addition to the 9k my lender told me I need to bring at closing or is that what the 9k is for ?