Closing Costs Down!

By
Real Estate Agent with Samsel & Associates 0790808

File:Ass Ass.jpgSo maybe you're one of the few who weren't motivated by the falling mortgage rates of the past few months. Maybe you weren't impressed when the mortgage rates hit record lows. Maybe you didn't refinance when everyone around you told you to. You were playing it cool - waiting to see if the pot could get any sweeter, right? How's this? Closing costs are now more than 7% lower than they were this time last year.

Specifically, a homebuyer borrowing $200,000 mortgage with 20% down paid an average of $3,754 in closing costs in June of 2012, compare to $4054 in June of 2011, says CNN Money.

What do closing costs include? Among other things, the mortgage closing costs include origination expenses, like application fees, as well as the cost of credit checks,  title searches and insurance.

Combined with all the great news about mortgage rates, I bet you're ready to get in the game :)

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

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Topic:
Lending / Financial
Location:
New Jersey Union County
Tags:
closing costs
mortgage

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Rainmaker
1,676,131
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

The closing costs, though they differ a lot of them down here adding $1,500 processing fees or $250 buyer fees along with the typical closing costs.

Aug 10, 2012 11:17 PM #1
Rainmaker
622,840
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Closing costs are always a crucial part of purchasing a home, great information for your buyers.

Aug 11, 2012 01:02 AM #2
Rainer
293,425
Nan Jester
Exit Real Estate Gallery Jacksonville Beach, FL - Jacksonville Beach, FL
Realtor, Exit Real Estate Gallery

I read that someplace, too. Can hardly imagine anything going down. Good for the buyers.

Aug 11, 2012 06:16 AM #3
Rainmaker
594,825
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

It's like a perfect storm from the home buyers  perspective.  Home buyers in Union County should be flocking to talk to Team Zuhl!

Aug 14, 2012 10:00 PM #4
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Rainmaker
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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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