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  • 1.  REAL ESTATE CLOSING COSTS

    Silver Most Valuable Member
    Posted 12-08-2015 11:14 AM

     

     

    If a real estate investor incurs closing costs on a mortgage that has a 25 year amortization period but a 5 year balloon with a 5 year option what is the period they can amortize the costs over. Is it 5 years to original balloon, ten years to extended period or 25 years over the full balloon?

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    Gabriel Bentovim
    HOFFMAN & BENTOVIM, CPAs PC
    Commack NY
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