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Closing Costs

 

"It is extremely difficult to compare one Lender’s offering to that of another Lender because the Closing fees vary so much and are not guaranteed. " 

It is extremely difficult to compare one Lender’s offering to that of another Lender because the Closing fees vary so much and are not guaranteed.  Lenders and their vendors can, and sometimes do, add or inflate fees in the eleventh hour of a transaction.  When you apply for a loan the mortgage company gives you a list of the fees you can expect, the Good Faith Estimate.   Remember to ask your Lender constantly if these fees are correct and accurate and if they are subject to change so you have no surprises at Closing. Also it is a good idea to read and then re-read the Good Faith Estimate and look for any fees that you do not understand or do not apply to you.  Americans spent over $110 billion in buying and selling homes, not including the cost of the homes themselves.  It is wise not to overlook any aspect of your Home Loan- you  may be able to save quite a lot of money on Closing Costs.


   

Visit The Pet Realty Network™ Resources for more information about Closing Costs.

 
 

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