The Mortgage Tools Series is BACK: Home loan closing costs- Fees vs. Costs- What’s the difference?

How do you explain to your real estate client what are prepaid items and what are closing costs for a mortgage loan? When negotiating a contract in this current buyers market it is common the "closing costs" are negotiated to be paid by the seller of the property. The confusion lies in what is a reoccurring closing cost and a plain closing cost. There is a difference and it will help the experience of buying and selling real estate if everyone is on the same page

Posted by Brian LeBars on 03/24/2008 10:28 PM

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closing costs

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1 Comments on The Mortgage Tools Series is BACK: Home loan closing costs- Fees vs. Costs- What’s the difference?

Brian, this is so true! When we surveyed our clients, we found that ANY amount of money over $20.00 that they were not expecting was unacceptable. Many referenced that amount as enough for lunch for two. We got their point.

03/24/2008 10:36 PM

by Mark Organek - Tempe Gilbert Mesa Chandler REALTOR (RE/MAX Alliance)

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Loan Officer: Brian LeBars (Cirrus Financial)

Brian LeBars
Pleasanton, CA
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Cirrus Financial

Office Phone: (925) 484-5363
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www.GreenMortgageGroup.com

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