Currently viewing the category: "Closing Costs"

Closing Costs – An Enduring Topic

September 24, 2009 by

Probably the issue that troubles borrowers the most,and that I receive the most questions about is closingcosts. In the scope of home transactions that are in therange of hundreds of thousands of dollars and sometimesmillions of dollars, the closing costs represent a smallpercentage. But, when a borrower looks over their Good Faith Estimateand sees a [...]

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Closing Costs -Fair or Excessive?

April 10, 2008 by

You are ready to buy your home. You’ve saved for thedown payment and you know that you have to have somemoney left over for reserves. You also know that therewill be some costs for various services to support yourtransaction. Then you are presented with a long list of fees andcharges. You don’t know if they [...]

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Saving Money in The Mortgage Process-Keeping an Eye on the Costs

August 16, 2007 by

Would you like to save money on your next mortgage? Whowouldn’t?! There are at least three distinct ways to save money and two ofthem work very well together. 1. Try to get the fees reduced from as many service providersas possible. 2. Make sure that you are treated fairly by paying reasonablefees, and don’t overpay. [...]

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Closing Costs Go Many Directions

July 19, 2007 by

It's Like Herding Cats-Your Closing Costs Go Many Different Directions Through the course of your purchase or refinance transaction there are many companies that perform services essential to the timely and successful closing. When you review your good faith estimate at the beginning of the transaction, or your closing statement from the escrow company at [...]

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