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What Are Closing Costs for the Homebuyer?
What Are Closing Costs for the Homebuyer?
Call Ashley Kimble Slaughter at 225-235-9379 for any questions related to closing costs or the home buying process. You don’t have to go through the home buying process alone. Ashley Kimble Slaughter has the knowledge and experience to help make this process as smooth as possible. Visit AshleyKimble.net to see featured homes for sale in Baton Rouge, LA.
When considering the amount of money you’re going to need when purchasing a home, don’t forget to figure in the added financial adjustment for closing costs. Many people confuse the down payment for the closing costs, but they are two different things. Closing costs can be 2% - 5% of the price for the home. So, what are the closing costs for the homebuyer? Here’s a list of examples of items that may be included in closing costs.
Fees for Escrow Services
The earnest money that a homebuyer provides for the purchase of the home is held by an escrow company. The escrow officer ensures that all paperwork and funds are handled properly. The escrow company is an impartial party in the home buying process. The escrow fees will be paid to this company.
Titles & Homeowners Insurance Costs
A policy for ... more

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