Closing Cost Assistance | What Happens When There Are Too Many Seller Credits?

Closing Cost Assistance | What Happens When There Are Too Many Seller Credits?
Real estate agent and Realtor Matt Leighton sits down with Sean Glennon, VP and Partner at Home Savings & Trust Mortgage, to discuss what happens in the event that there are too many seller credits at settlement.
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What Happens When There Are Too Many Seller Credits?
0:48 - What happens when there are too many seller credits?
2:00 - What can you do with the extra credits (if anything)?
3:20 - What is the closing cost assistance limit and what is the limit based on?
4:45 - What are some guidelines for buyers so that they can avoid being in this situation?
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Sean Glennon
The Glennon Group
Sr. Vice President/Partner
Office: 703-766-4630
www.hstmortgage.com
www.seanglennonloans.com
sglennon at hstmortgage.com
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Matt Leighton - Arlington VA Real Estate Agent
Licensed in VA and DC
Matt [at] Orange Line Condo dot com
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201
• Closing Cost Assistanc...

[@TheMattLeighton]

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[@baa800]

Wow! This was news to me! Great information man

[@TheMattLeighton]

Thanks for watching!

[@vanalex2698]

@@TheMattLeighton Who does exactly has to pay closing cost in any case ? Thanks

[@rodnape]

What you wired a certain amount at closing and your closing cost is less, do you get a check at the table?

[@deisy310]

Are there any Close Assistance Programs for someone first time buyer buying a Manufactured Home in Mobile Park?