Tag: Closing Costs
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Between Signing My Purchase Agreement and Closing: What’s Going On?
What goes on between the day you find your seller and the day the seller hands you the keys? If you’re new to home buying, you’ll be curious about each step. And if you haven’t closed on a home in a long time, you might want a refresher. Once you sign the agreement, a…
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Out of Control: Title Insurance and Other “Extras” Home Buyers Pay
$18K annually. That’s what the average homeowner pays to be one — above and beyond the price of the home and mortgage, property taxes, and utilities. Mortgage closing costs make up a third of that figure. U.S. housing costs are outpacing the country’s overall inflation. Homeowners’ insurance alone is up 11% year over year. And…
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“Assume” Makes a Great Deal for You and Me, Right? What to Know About Your Assumable Mortgage
Got a government-backed mortgage with an assumable loan? If you decide to sell, a buyer might jump at the chance to get, say, a 3% interest rate instead of something between 6% and 7%. An assumable loan lets the mortgage stay on the home, even though you transfer the home’s deed to a new owner.…