Selling a home does not come free as many people think it does. In fact, sellers pay a large chunk of change when they sell their home. Does this affect you as a buyer? Essentially, the seller helps to pay some of your closing costs without you realizing it. You will still pay your standard Read more
Refinancing a Mortgage: How To Pay Lower Fees?
Refinancing comes with costs, we all know that. But did you know that there are ways to lower the mortgage refinance fees to make them more affordable? If you know that refinancing your mortgage will help you save money in the long run, it is worth learning how to lower your closing costs to help Read more
Using Seller Concessions to Your Advantage
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
