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Mortgage closing costs

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Originally posted by: spidey07
I'm just saying that 2% is 2%.

I found that ever since I started paying attention to my money I'm starting to build substancial wealth. Found about 4000 dollars a year more money, just by changing things around. got rid of PMI, did own escrow, max out my tax deductions, take advantage of all charity deductions that I can, etc.

Sure its not for everybody, but its the mindset of "make your money make more" that helps.

I couldn't imagine living paycheck to paycheck. That would be very stressful.

anyhoo, for a first time home buyer escrow probably makes sense. Just realize that it is an interest free loan to the bank.
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It is, indeed, in escrow for the taxes next summer. They require it beause the mortgage is 0 down. If they accept our offer, I have a feeling that as soon as we move into the house we will have about $40,000 in equity, so we will refinance in 4 months (the minimum amount of time).
 
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