Spring is aproaching fast and it is usually the busiest time of the year for home buying. After a long and cold winter, many people are ready to enjoy the nicer weather and begin to shop for a new home. Spring is also the perfect time for home buying for families with children because it allows them to move during the summer without interrupting school. Home buying has costs associated with it other than the mortgage itself. Known as closing costs, these fees are a part of the home buying … [Read more...]
Closing Costs: Understanding What It Costs to Close on a Home and What You Can Expect to Pay
If you're in the process of buying a new home, you've likely heard the term "closing costs" in regards to the many different fees and taxes that you'll be required to pay during the purchase process. In this post we'll look at a number of these closing costs and what you will be expected to pay when you buy that next dream home. Taking out a Mortgage? There Will Be Fees Attached If you're taking out a mortgage to finance the cost of buying your home you'll end up incurring a variety of fees. … [Read more...]
Seller-Paid Closing Costs In A Seller’s Market? Yes, It’s Still Possible
For first-time home buyers, closing costs are a major hurdle for home ownership. Coming up with a down payment and several thousand dollars for closing costs can be hard without home equity to tap. To help, buyers often ask sellers to cover all or some of these costs. In markets favoring buyers, this is a common habit, but when the market switches to favoring sellers it becomes harder. Sellers who know they may get multiple offers are less likely to say "yes" to this request. Yet even when the … [Read more...]
Financing That Dream Home with a Mortgage? Here’s What to Expect on Closing Day
There are so many details that lead up to the purchase of your dream home that it can be hard to realize it when the closing day is finally upon you. However, when closing day finally arrives, there will still be a few last minute details that need to be taken care of. If you're getting ready to solidify your home purchase and are wondering about the remaining paperwork and any unknown details, here are some things you can expect when it comes to making your purchase complete. One Last Walk … [Read more...]
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