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Maine's Mortgage Fees Are Better Than Most In The Region

More interesting news...Maine is one of the region's least expensive states in which to close a mortgage transaction, according to an annual closing cost survey by Bankrate.com. Here's a list of the average cost of closing a mortgage transaction in New England's six states, as well as their national ranking. New York is the most expensive state in which to close a mortgage transaction, with an average closing cost of $3,830.

	Closing costs	National rank
Connecticut	$2,858	11
Massachusetts	$2,849	12
Rhode Island	$2,768	18
New Hampshire	$2,724	21
Maine	$2,671	29
Vermont	$2,666	30

Source: Bankrate Inc.

Posted by Michael Meservier on 07/18/2007 11:19 AM

Comments (2)

mortgage, news

This post has been included in Maine Information

2 Comments on Maine's Mortgage Fees Are Better Than Most In The Region

JUL

2007

This is slightly misleading since closing costs vary from one lender or broker to the next. They can also be skewed from one borrower to the next. The only accurate way to truly compare closing costs is to get a GFE and TIL for the individual borrower! Just making sure everyone is aware...

Great Point! Thanks Tony.

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