There are a lot of steps in buying a home. Among the things you need to prepare for is the amount needed to make the down payment required by the lender. This is a form of financial protection for the lenders, and since they require this, borrowers have no choice but to comply. In the […]
Closing Costs: 4 Ways to Save
The interest rate on your home loan isn’t the only thing you need to be concerned with. It pays to negotiate on all your home loan terms. Closing costs for a home average 3% of the purchase price, and could go as high as 6% in higher-tax areas. Plus, you still have to come up […]
4 Ways to Save on Closing Costs
4 Ways to Save on Closing Costs Closing costs for a home average 3% of the purchase price — and go as high as 6% in higher-tax areas. Plus, for most loans you must still come up with a down payment of at least 5%. But you can use the following strategies to reduce the […]