22
Jan
By Jim Hasek
Home Mortgage Tips, ,

Three Tips for Reducing Your Closing Costs if You’re Looking Forward To Buying a Home in the Spring

Spring is approaching fast and it is usually the busiest time of the year for home buying. After a long and cold winter, many people are ready to enjoy the nicer weather and begin to shop for a new home. Spring is also the perfect time for home buying for families with children because it allows them to move during the summer without interrupting school. Home buying has costs associated with it other than the mortgage itself. Known as closing costs, these fees are a part of the home buying process and they are due at the time that the…
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14
Jan
By Jim Hasek
Home Mortgage Tips, ,

Three Major Mortgage Mistakes Which Are Sure to Increase Your Closing Costs

When shopping for a mortgage, it is important to take closing costs into account. While some closing costs are the same for all lenders, different programs may add or reduce some of the burden borrowers face when closing on a home loan. Let's take a look at some major mistakes that could result in borrowers paying more than they need to in closing costs. 1) Failing to Take Property Taxes Into Account Property taxes are generally put into an escrow account that is established prior to closing on the home loan. In most cases, a homeowner will have to pay…
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10
Dec
By Jim Hasek
Home Mortgage Tips, ,

Trying to Save on Your Closing Costs? Here Are Three Tips That Can Help Lower Them

Whether you're about to close on a lovely new house for your growing family or a stylish beachfront condo so you can retire close to the ocean, one thing is certain: you're going to face a variety of closing costs. Insurance, taxes, financing fees, title fees, attorney fees and other costs will need to be paid, and if you're a savvy buyer you'll do everything you can to save on them. In today's post we'll share three quick tips that can help you reduce your closing costs when you buy your next home. Tip #1: Include Closing Costs in Your…
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25
Nov
By Jim Hasek
Home Mortgage Tips, ,

Buying a Home with a Mortgage? A Quick Guide to Closing Costs and What to Expect

Whether you're just starting to shop for a new home or you've already found the perfect new house and you're ready to submit an offer, if you're taking out a mortgage loan to cover some of the home's purchase price you should be aware of the various closing costs you may encounter. In today's blog post we'll share a quick guide to closing costs and what you can expect to pay when you buy a new home. What Closing Costs Do Buyers Typically Pay? As you move forward in the home purchase process you'll incur a variety of fees that…
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08
Oct
By Jim Hasek
Home Buyer Tips, ,

Closing Costs: Understanding What It Costs to Close on a Home and What You Can Expect to Pay

If you're in the process of buying a new home, you've likely heard the term "closing costs" in regards to the many different fees and taxes that you'll be required to pay during the purchase process. In this post we'll look at a number of these closing costs and what you will be expected to pay when you buy that next dream home. Taking out a Mortgage? There Will Be Fees Attached If you're taking out a mortgage to finance the cost of buying your home you'll end up incurring a variety of fees. Nearly all lenders will charge a…
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13
Jun
By Jim Hasek
Home Mortgage Tips, ,

What Are The Closing Costs Of Real Estate?

You've found the perfect property and a great mortgage loan with the best interest rate you can find. What's next in the home buying experience? Signing the contracts and paying the closing costs. But what exactly are closing costs? Here Is A List Of The Most Common Closing Costs: Titling Fees - These include the title search and title insurance, and the associated attorney fees. These costs are usually paid by the seller but can be assigned to the buyer. Recording Fees - The government charges a fee to record the change in ownership of the [city] real estate. This…
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