Hey have you ever wonder What are closing cost?
Saving for a down payment is a key step in the homebuying process, and it’s not the
only piece you need to include in your budget. Another factor that’s important to plan
for is the closing costs required to obtain a mortgage.
“There will be lots of paperwork in front of you on closing day, and not enough time
to read them all. Work closely with your real estate agent, lender, and attorney, if you
have one, to get all the documents you need ahead of time.
The most important thing to read is the closing disclosure, which shows your loan terms, final
closing costs, and any outstanding fees. You’ll get this form about three days before closing
since, once you (the borrower) sign it, there’s a three-day waiting period before you can
sign the mortgage loan docs. If you have any questions about the numbers or what any of
the mortgage terms mean, this is the time to ask—your real estate agent is a great
resource for getting you all the answers you need.”
if you have any questions about the number or what any ot mortgage terms mean this is
the perfect time to contact your real estate agent they are a great resource to getting
you all your answers if you have any other questions feel free to follow the links below
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