When buying a house with cash the closing fees or costs associated with it are minimal. However, if you will be getting a mortgage to buy your dream home there are costs involved that many first time home buyers fail to budget for when saving to buy a house.
Typical closing costs can range between 2% and 5% of the purchase price depending on your lender and terms. I always tell people to shot for 3%. Anything higher than that should raise questions. If you cannot get satisfactiry answers...find another lender.
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Mike & Cindy Jones, Realtors
904 874-0422
Mike@MikeAndCindyJones.com
Berkshire Hathaway HomeServices Florida Network Realty
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