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SVTPerformance's Chain of Restaurants
Road Side Pub
The Chow Hall
Buying a House w/ VA Loan in El Paso
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<blockquote data-quote="Fuerza" data-source="post: 13303112" data-attributes="member: 19948"><p>Thats great information! I didn't know about that when I moved here. I wish I did though. My builder also paid my closing costs so I came out ahead. </p><p></p><p>OP, if you are going to buy my suggestion is to look up the property tax value of the house you are looking at here. One thing that made me mad is that I didn't do that and IMO ended up paying about $10k too much even though my closing costs were covered and my house appraised at enough to qualify for the loan... I tried to refin last summer to get down to a sub 4% and low and behold my house value was $10k less than the loan balance. My new refi appraisal was exactly the property tax value of my home. Plus additional closing cost I need $20k to refin from 5% to 4%. Either way I wasn't able to refin, very disappointing!</p></blockquote><p></p>
[QUOTE="Fuerza, post: 13303112, member: 19948"] Thats great information! I didn't know about that when I moved here. I wish I did though. My builder also paid my closing costs so I came out ahead. OP, if you are going to buy my suggestion is to look up the property tax value of the house you are looking at here. One thing that made me mad is that I didn't do that and IMO ended up paying about $10k too much even though my closing costs were covered and my house appraised at enough to qualify for the loan... I tried to refin last summer to get down to a sub 4% and low and behold my house value was $10k less than the loan balance. My new refi appraisal was exactly the property tax value of my home. Plus additional closing cost I need $20k to refin from 5% to 4%. Either way I wasn't able to refin, very disappointing! [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
The Chow Hall
Buying a House w/ VA Loan in El Paso
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