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Assess
Your Finances
Prepare
to meet with a lender
Avoid
major purchases before buying a home
Keep
your money in one place
Closings
costs
Down
payment
Get
pre-approved
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Closings
costs
On
the day you actually buy your home and you go into escrow,
you’ll need funds for "closings costs" in addition
to your down payment.
Both
buyers and sellers have their respective share of closing costs.
As a buyer, some of these closing cost are paid up front when
you apply for a loan. That includes, but limited to, money for a
full factual credit report, a loan application, and sometimes an
appraisal charge for the property you purchase. These fees are
non-refundable. Other closings costs may include, but are not
limited to:
As
a general fair rule, your closing costs will equal to be 2-3% of
the purchase price. The good news, if you’re limited on funds,
and if your loan type allows it, you can contract the seller to
pay some or all of your closing costs. Also, unlike your down
payment, certain closing costs can be added to the loan.
If
you have any questions, Please call
1-866-OC-House
© 2010 OC Home Finder Team.com - All rights reserved.
Written
By Shan Roberts
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