What closing and other costs do you pay when buying a home?
You’re pre-approved for a mortgage
to help you find the home of your dreams. Then, you hand over your down
payment, collect your mortgage funds, pay the seller and get the
keys, right? Not so fast. There are other costs to
consider. These closing costsOpens a popup. and
additional expenses can impact your offer, the size of your down payment and
the amount of mortgage you qualify for. Only a few are optional, so be
aware of these costs from the start.
Before
closing day
Once you find a property, you need
to know everything about the home — good and bad. Inspections and
surveys can uncover issues that could impact the purchase price, or slow or
stall the sale. These reports are […] Read more