First Time Homebuyer? What You Need to Know About Closing Costs
Closing costs are very significant in any real estate deal. First time homebuyers may not be aware that closing costs can be as high as 15 percent of the sales price, much less know what closing costs really are. Lenders often require a buyer to pay for closing costs upfront while some lenders package it with a loan. Understanding what closing costs are will help homebuyers in budgeting their finances and even negotiate for a lower final price.
Posted by Hugh Malin Date: Tuesday, September 8, 2009
Categories: Real Estate
Tags: homebuying, Real Estate, real estate - buying/selling, real estate-housing