8 Tips On Real Estate Closing Costs


Tip #1 – Closing Costs Can Be Expensive

8 Tips On Real Estate Closing Costs

  • www.zillow.com

You’re just going to have to bite the bullet and pay closing costs. Many people you’ve never encountered are involved with your home purchase and they’ll all ask for money to pay for what they’ve done for you. These are usually one time payments.

The total amount for closing will vary according to where you live, but they’re usually around 3 percent of the total loan, but more than this if you’re giving points (origination fees) to the lender. The fees that go to the agent aren’t counted in the good faith estimate the borrower gets. There could also be required inspections like for termites or radon, but these differ in various states.

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