Pros: No need of down payment
Cons: Makes you pay interest
However, my lender suggested that by rolling closing costs into mortgage, my purchase price will be bumped by x+closing costs.
Now, is this a good sign for me down the road? If i want to sell my house similar to my neighbor, i might need to put an ad for higher price since my purchase price went higher.
Is this a good idea to pursue? Any other downsides?
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source https://www.reddit.com/r/RealEstate/comments/e3sqvk/rolling_closing_costs_to_mortgage_pros_and_cons/
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