Tag: Closing Costs

Posted on 05/01/2022
Average closing costs for buyer: What homebuyers should budget for
When preparing for a new home purchase, it’s crucial to plan for the average closing costs for buyer hopefuls on a budget. Closing costs are made up of various service charges associated with the entire home buying process, including appraisals and title paperwork. Because closing costs can add up to thousands of dollars, it’s helpful to prepare for...
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Posted on 05/09/2021
How an Attorney Helps Guide You Through a Real Estate Closing
Photo by Rafa Bordes via Pixabay Real estate closings could be quite simple at one end of the spectrum or very difficult at the other end. In most cases, you will need to understand the legal ramifications of signing several documents, including the note, mortgage, transfer of title, mineral rights, title insurance and tax documents. If your closing...
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Posted on 06/14/2020
Recording Fees 101: What They Are & What They Mean for You
Photo by Steve Buissinne via Pixabay There are a variety of different terms that you must become familiar with as you purchase a new home. You have to pay an application fee, underwriting fees, titles fees and more. But one that seems to leave many buyers scratching their heads is the recording fee. A recording fee is a...
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Posted on 07/28/2019
How To Lower Your Closing Costs
The closing cost is the last sum of money home buyers to pay after which there will be no further payment. The closing price can be surprisingly huge. This bill ranges from 3% to 6% of the mortgage. Do the math, and this means that the closing cost on a $300,000 home is around $9,000 to $18,000. It...
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