Hey all of you first time buyers! Are you having a hard time knowing what it may cost you to close on a home?
Most sites deal with mortgage calculators which will give you an approximate monthly payment. But this Closing Cost Calculator will tell you what to expect in up front closing costs.
If you are unfamiliar with the term Closing Costs, I have linked you to Wikipadia so that you can read about it. This is a must read for new buyers, as it will give you the terminology for all of those fees on your closing statement.
After playing with the Closing Cost Calculator, you can move to the Mortgage Calculator to play with the numbers and estimate your monthly payments.
If you are serious about starting the process of buying a home, but feel like you don't have the information or confidence, these two links are a great place to start. With terms and definitions you will be knowledgeable in the process and gain the confidence to move forward.
If you need any further assistance, or would like to talk about these numbers and what they mean to you, just give me a call. I can sit down with you and privide you with a free consultaion and explain what you need to know.
Are you ready? Let's look at some homes!