You’ve heard the term “closing costs” about buying a home, but what are they? Well, they cover everything from home and pest inspections to appraisals, various professionals’ fees and deposits, and mortgage #insurance. There are a LOT of moving parts when it comes to getting a mortgage, and you get to pay for all of them! There are “No closing costs” mortgages, but they generally just roll all the expenses into your loan, which isn’t a good idea in the long run. Save money by closing at the end of the month and asking the seller to cover some of the charges!
Read More