closing costs Tag

12 Oct 2017

Everything you wanted to know about closing costs

When you’re buying a home there’s tons of new terms and processes you’ll be learning as you go, so it’s likely that upon hearing your Realtor utter the words “closing costs” for the first time, they went in one ear and out the other. And if that’s the case, don’t feel bad; suffice it to say, you’re not alone— a survey released last week found that over half of all first-time home buyers were surprised by the closing costs required to close on their soon-to-be home. Keep reading and you won’t be able to claim ignorance the next time these words find their way into a conversation. Closing costs: Explained I won’t waste any time beating around the bush here— closing...
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28 Sep 2016

Some Closing Thoughts on Closings

A common question I often hear from homebuyers is this: How much closing costs will I need to pay? First of all, good question. A smart homebuyer asks questions to fully understand the process and their financial and legal obligations. But while many people have purchased a home - or multiple homes - few can actually detail what they paid in closing costs (without digging out paperwork.) Here are the basics. Every mortgage loan has closing costs. They can be paid by the borrower, the lender or a combination. Sometimes, the seller even agrees to pay a portion of the closing costs. If the mortgage lender pays the closing costs, the borrower will pay a higher interest rate. The rate will depend on...
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28 Jul 2011

Two Of The Most Affordable States In The United States

We have written in recent blog posts that now is the time to buy your next home in North Carolina and South Carolina. Combine low mortgage rates and lower housing prices, and you have an incredible housing value.  We believe these will be the days we all look back and wish we had bought another house.  As billionaire investor John Paulson recently said – “If you don’t own a home, buy one. If you own one home, buy another one. If you own two homes, buy a third. And lend your relatives the money to buy a home.”

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