Confused about how to word offer on a house
Hi! I am trying to buy my first house but I am so confused. Perhaps, someone can explain this to me.....my mortgage broker couldn't. I want to buy house and have my loan be for $85,000. I want to ask the sellers to pay for my closing costs of $4000. To do this, my broker says I have to make my offer for $89,000 and the seller would get $85K. To me, this sounds like I am paying for my closing costs. My broker says essentially I would be.....this makes no sense to me. Can someone help me to understand?
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(Source: mortgagefit.com)
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