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Closing Costs for Buyers : Part 3

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Real Estate Agent with Atlantic Shores Realty Expertise SL3349253

Closing Cost Guide For Buyers:

Closing Cost Guide For Buyers: Loan fees vary... make sure to shop around to find the best lender. The cheapest option isn’t always the best option. Make sure to understand the loan and check for any hidden costs from each lender before making a decision.

**Pro-tip: Big banks aren't always best. As a buyer doing your due diligence on lenders, make sure to also check out local banks.**

 

Big banks (National) may be able to offer slightly better rates then local lenders. However, local lenders typically are able to offer more personalized customer service. They can sometimes use other strategies to work with buyers who have less then perfect credit.

 

Real estate agents deal with a lot of mortgage lenders; the good, the bad, and the ugly. Ask your agent for a list of lenders they recommend. Of course, it is up to you as the buyer to pick the lender that is right for you.

 

Remember to stop by tomorrow for Part 4! If you've missed the first two parts, you can find them here:

Closing Costs for Buyers : Part 1

Closing Costs for Buyers : Part 2

 


 

McNew Group

 

           

 

Amanda McNew

(772) 663-2823

amanda@movetovero.com 

 

For more articles like this or to search for homes please check out our website!

 

Comments(3)

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Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Hey it does not hurt shopping around for the best deals

Mar 17, 2017 05:54 AM
Roy Kelley
Retired - Gaithersburg, MD

This is great information to share with prospective home buyers.

Mar 18, 2017 09:18 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Amanda - Loan fees make up a good portion of closing costs, and yes, they can be negotiated, as well as shopped around.

Mar 21, 2017 09:19 PM