closing
Breaking It Down: Understanding Your Home Closing Costs
When you’re a first-time homebuyer, the entire concept of closing costs may be elusive and intimidating. You know they’re coming, but you have no idea what to expect. Luckily, a little knowledge can go a long way. Fees for loan…
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Closing Costs: How Much Should You Expect to Pay?
Closing costs can be confusing.
Not only do they cost you an additional few thousand dollars come closing day; they also cover fees and expenses you’ve likely never heard of, making them even more perplexing for a first-time buyer.
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The Repercussions of a Mortgage Not Closing on Time
You’ve worked hard for years, saved up the down payment, and have finally found your perfect dream home. And now that you have your offer accepted and are in escrow, you’re ready to sign on the dotted line and close…
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How to Lower Your Closing Costs
After your down payment, closing costs typically come in as your second-most expensive home buying charge. For most buyers, they can be somewhere around 2% to 5% of the total purchase price — or about $4,000 to $10,000 on a…
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You Just Accepted an Offer on Your Home! Now What?
Whether you finally got a bid after months on the market or you carefully chose an offer out of dozens on the table, one thing’s for certain: accepting an offer on a house is pretty darn exciting. Finally, you’re done!…
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The Point of Points
What are these and why do I need them? Points are one type of fee paid at closing by you to your mortgage lender. There are two types of points: origination and discount points. Origination points are charged to recover…
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