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closing costs: Closing Costs - What can I expect? - 03/20/11 01:35 PM
Buyer Closing Costs You'll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide by law a good-faith estimate of all settlement costs (HUD-1). The title company or your attorney conducting the closing will tell you the required amount for:
Down payment Loan origination Points, or loan discount fees, which you pay to receive a lower interest rate Appraisal Credit report Private mortgage insurance premium Insurance escrow for homeowner's insurance, if being paid as part of your mortgage payment Property tax escrow - … (9 comments)
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closing costs: Home Seller Closing Costs - Schaumburg Homes - Lyn Sims (847)230-7324 RE/MAX Suburban - 03/06/11 12:46 PM
Home Seller Closing Costs There are more closing costs in the average real estate transaction than just the Realtors© commission! Here are a few examples of standard closing costs in our Northwest Suburban Illinois area ~Survey - Sellers in Illinois are responsible for giving the buyer a plat of survey of the property. The price for a plat of survey can range from $200 to $800. In our area it cannot be older than 6 months. Usually with townhomes or duplexes where you own the land this would apply also.Recorded release of mortgage - Verifies that your mortgage has been completely paid … (10 comments)
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closing costs: Closing Costs up in Illinois - not what Buyers need right now! - 08/24/10 02:49 PM
Just went through my main website and updated the Closing Costs per State put out every year from Bankrate. What I saw was shocking! In the State of IL there was a 36% increase over 2009.The average costs in 2010 are now $3505 which was an increase of a whopping $876 per buyer! The super sleuth in me says 'where is that money going and to whom?' Who's ripping off the consumer now? Why the increase? The entire industry was just overhauled to keep costs down and to protect the consumer. More disclosure helps protect the consumer right? Hmmm.Well for those … (4 comments)
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closing costs: Title Companies Change the Rules in Illinois - 01/18/10 04:12 PM
Well every January it seems a new group of laws goes into effect so why should Illinois be any different! Keeping you updated with real estate matters is what I do so here's another law that just went into effect regarding closings. So some people might be under the misunderstanding that 'bags of money' are brought to closings - well that's not true any longer. Illinois sure knows how to take the 'fun' out of a real estate transaction! If funds required for a transaction are $50,000 or more, you must now provide these funds in the form of a wire … (6 comments)
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closing costs: Average Closing Costs in Illinois - 09/22/09 07:03 PM
Average Closing Costs per State 2009 The survey was done by Bankrate and Illinois ranked 43rd out of the states for costs. The average costs for the loan origination was $1279 for the mortgage portion and $1207 for title charges, etc. The total would be $2486. Quite respectable compared to other states!Link to original article State by State CostsIllinois Closing Costs broken down for a buyer - all costs involved on the average.
This should give you at least a good rough estimate that would be needed for closing or to double check your costs on your Truth and Lending … (3 comments)
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closing costs: Curious about Closing Costs? Advice from Lyn Sims at (847)230-7324 RE/MAX Suburban - 04/15/08 02:40 PM
Common Closing Costs for Buyers - Lyn Sims (847)230-7324 RE/MAX Suburban
You'll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company conducting the closing will tell you the required amount for:
Down payment Loan origination Points, or loan discount fees, which you pay to receive a lower interest rate Appraisal Credit report Private mortgage insurance premium Insurance escrow for homeowner's insurance, if being paid as part of your mortgage payment Property tax escrow … (0 comments)
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closing costs: Common Closing Costs for Buyers - Lyn Sims (847)230-7324 RE/MAX Suburban - 02/20/08 05:31 PM
You'll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company conducting the closing will tell you the required amount for:
Down payment Loan origination Points, or loan discount fees, which you pay to receive a lower interest rate Appraisal Credit report Private mortgage insurance premium Insurance escrow for homeowner's insurance, if being paid as part of your mortgage payment Property tax escrow - Lenders keep funds for taxes and insurance in escrow accounts when … (0 comments)
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Lyn Sims - Schaumburg Homes
Schaumburg,
IL
More about me…
Schaumburg Real Estate - Northwest Suburbs - RE/MAX Suburban
Address: Schaumburg | Hoffman Estates | Elk Grove Village | and Roselle, IL in the Northwest Suburbs of Chicago
Office Phone: (847) 230-7324
Cell Phone: (847) 230-7404
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