Monthly Archives: November 2014

Negotiating the mortgage terms – Finalizing the Terms

Short recap we got a commitment letter that was lower than we expected. Instead of getting $1,950,000 we only got $1,820,000 which means that we will need to come with additional $130,000 for closing. When we understood that the reason for that was they thought that $750 rents are too high for this area and [...]