Buying a home means more than coming up with a down payment and affording the mortgage payment each month. You also have to be able to afford the closing costs. With closing costs totaling between 5-7% of your loan amount, that’s no small chunk of change you must come up with to buy a home. Luckily, Read more
Can you Deduct any Items on the Closing Disclosure?
Today, the settlement statement has a new name – it’s the Closing Disclosure. Either way, the statement itemizes the cost of closing on your loan. It includes all charges from the lender, third parties, and all prepaid expenses, such as interest, taxes, and insurance.Get Matched with a Lender, Read more
Creative Ways to Cover Closing Costs
Closing costs can cost anywhere from 2 to 5 percent of the loan amount. That’s a significant amount of money, especially when you are buying a home and need a down payment as well. While depleting your savings account might be the easiest way to pay these costs, it’s not the most recommended. What Read more
The Top Ways to Get a Seller to Pay Closing Costs
When you buy a house, you have a lot more to pay for than the down payment. The closing costs alone can cost up to 5% of the loan amount. If you have a $200,000 loan, you may need as much as $10,000 more than your down payment. Sometimes sellers can help you with those closing costs, but how do you Read more
What’s the Cost of a VA Loan Refinance?
If you have a VA loan and you want to refinance it, you have a few options. If you want to stick with a VA loan, you can refinance with the VA IRRRL (streamline refinance program) or the VA cash-out program. The VA cash-out loan allows you to take money out of the equity of your home – up to Read more
