by admin | Oct 15, 2020 | Real Estate Financial Help
Often referred to as seller concessions, seller credits are offered to buyers or asked for by buyers. These credits allow the buyer to finance their closing costs and purchase a home with less cash down. However, it is not always that cut and dry. Here is what you...
by admin | Jul 30, 2020 | Closing Process
Previously, we broke down what closings costs entail and which are mandatory. It is widely known that buyers are responsible for paying their closings costs. These costs are paid upfront at closing and cannot be rolled into your home loan. However, there is a way to...
by admin | Nov 26, 2019 | Closing Process
When your lender hands you your good faith estimate, it is easy to be overwhelmed by all the fees and costs. How do you know which fees are mandatory and which ones you can negotiate? It really all depends on the lender. Before you sign on the dotted line it is...
by admin | May 7, 2019 | Closing Process
Closing costs are fees associated with your home purchase that are paid at the closing of a real estate transaction. Closing is the point in time when the tile of the property is transferred from the seller to the buyer. Closing costs are incurred by either the buyer...
by admin | Apr 23, 2019 | Closing Process, Real Estate Financial Help
If you’re buying a house, you might wonder how to lower your closing costs, which is a daunting list of fees that accompany a home purchase. On average, typical closing costs can total anywhere from 2% to 7% of a home’s purchase price. So on a $250,000...
