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closing costs: Least & Most Expensive Closing Costs Per State - 08/20/08 10:35 AM
The expense of closing costs are a major concern of most clients. Bankrate.com did a survey so we can more easily answer that question. These figures are based on a $200,000 property.
Top 10 Least Expensive States For Closing Costs
1. North Carolina $2,650 2. Kansas $2,669 3. Missouri $2,758 4. Maine $2,793 5. South Dakota $2,797 6. Iowa $2,804 7. Wyoming $2,804 8. Illinois $2,826 9. Vermont $2,872 10. Indiana $2,878
Top 10 Most Expensive States For Closing Costs
1. New York: $4,016 2. Texas: $3,975 3. Florida: $3,683 4. Oklahoma: $3,558 5. New Mexico: $3,465 6. New … (16 comments)
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closing costs: 100% Financing Still Available - 05/12/08 12:36 PM
Many homebuyers, especially first-time-home-buyers, believe they haven’t got a chance of being able to qualify for a home loan for a especially if they are looking for 100% financing. This is not only sad but extremely untrue!
There are not only financing options that don’t require a down payment such as VA loans and FHA has both ARMs and Fixed rate mortgages that aren’t FICO driven. Cal-HFA, which is based upon CA tax bonds, is intended to increase home ownership in CA, has first time home buyer programs along with down payment assistance programs.
There are other down payment & closing … (2 comments)
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closing costs: A Lease Option - Another Purchase Option - 12/13/07 03:11 PM
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closing costs: Money Saving Tip for Home Loan Shoppers (#1) - 10/20/07 11:41 AM
Focus on the long-term cost of the loan, not the monthly payment.
Avoid unnecessary interest charges by paying for certain costs up front instead of borrowing that money, too. Let's say you're offered the chance to add the closing costs to the loan instead of paying them out of your pocket.
Sounds good on the surface, but remember that you're not getting out of paying the closing costs - they're added to the loan balance, so your monthly payments will increase and you'll be paying interest on the closing costs.
Remember Grandpa telling you there's "no free lunch"? That goes for … (2 comments)
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Lynnette Phillips Real Estate Consultant
Yucaipa,
CA
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Address: Yucaipa, CA, 92399
Cell Phone: (909) 327-8600
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