Sander Scott explains how to structure a $305,000 loan to cover closing costs and use seller contributions instead of reducing the home's sale price. Seller concessions let buyers avoid out-of-pocket expenses at closing while keeping the purchase price intact.
You can actually change the loan amount to $305,000 and cover all the closing costs in the loan with no seller contributions.
Yeah, you know, so this, this actually, this discussion has to do with the discussion around seller contributions is rather than lowering the price, which they could do, they could contribute by, by lowering the price of the home. But what they're really doing is by participating in seller concessions, they're aiding the buyer in the procurement of a loan.
