What you need to know about closing costs
What you need to know about closing costs
What are closing costs?
Closing costs are the fees associated with your mortgage loan application and real estate transaction. They can be incurred by either the buyer, seller or both and are paid at closing.
What types of fees are included?
Fees may include but are not limited to:
- Application fees
- Underwriting fees
- Appraisal fees
- Prepaid interest
- Home inspection
- Property tazes
- Insurance
- Title fees
How much are these fees?
Closing costs typically range between 3-6% of the purchase price of the home. Your lender will provide you with a closing disclosure at least 3 business days before closing so that you can review the final settlement costs, as well as the loan terms and projected monthly payments.
What you need to know about closing costs
Call me to day for more information on closing costs.
What are closing costs? Contact John Coneys of Freedom Mortgage, and me, to find out what you need to know about the fees associated with your mortgage loan application and real estate transaction. #RealEstate #Realtor #HomePurchase #ClosingCosts #FreedomMortgage #LowMortgageRates #LetFreedomHelp
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