When you get approved for a home mortgage you should ask, “What are my closing costs?”  You should see them in writing.  Interest rates are important, but your ‘closing costs’ are equally important.  If you have a rate of 5% on a $300,000 loan with closing costs of $9000 quoted from one bank and you have a rate of 5.5% with 0 closing costs from another bank which is better? (more…)

We have all seen sellers’ banners, billboards, and ads that say “3 ½ percent Credit to Buyer’s Closing Cost.”  Sellers know it, you know it, it’s no secret we’re in a buyer’s market and you’re going to be asking for the closing cost concession in your offer.  (more…)