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  • Digg it UP - Whats Up With Closing Costs?

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    ur actual down-payment. How fair is that? Who gets all that money? The loan officer? The Broker? The Lender? Well actually closi
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    You've saved your money as best as you can. You've come up with a good chunk of change for a down-payment on your dream home and your ready to buy! You go and look for a loan and tell your broker you have 20 thousand dollars for a down-payment on a home. You probably thought up until this point that the whole amount can be used for a down-payment. However, closing costs are inevitable and cannot be avoided. Your broker tells you it will cost you 10,000.00 to close and that only leaves you with 10,000.00 for your actual down-payment. How fair is that? Who gets all that money? The loan officer? The Broker? The Lender? Well actually closin
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    your ready to buy! You go and look for a loan and tell your broker you have 20 thousand dollars for a down-payment on a home. You probably thought up until this point that the whole amount can be used for a down-payment. However, closing costs are inevitable and cannot be avoided. Your broker tells you it will cost you 10,000.00 to close and that only leaves you with 10,000.00 for your actual down-payment. How fair is that? Who gets all that money? The loan officer? The Broker? The Lender? Well actually closi
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    u probably thought up until this point that the whole amount can be used for a down-payment. However, closing costs are inevitable and cannot be avoided. Your broker tells you it will cost you 10,000.00 to close and that only leaves you with 10,000.00 for your actual down-payment. How fair is that? Who gets all that money? The loan officer? The Broker? The Lender? Well actually closi
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    e and cannot be avoided. Your broker tells you it will cost you 10,000.00 to close and that only leaves you with 10,000.00 for your actual down-payment. How fair is that? Who gets all that money? The loan officer? The Broker? The Lender? Well actually closi
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    ur actual down-payment. How fair is that? Who gets all that money? The loan officer? The Broker? The Lender? Well actually closing costs are a variety of unavoidable expenses. Here is a list of the typical things that you will see go into closing costs.

  • BROKER- Well yea, They do have to make some money so you will typically have to pay your broker fees in your closing costs .
  • TAXES- Many people dont realize they need to pay their taxes in closing costs as well. In some counties these can be quite large.
  • INSURANCE- Your Mortgage company will require you to purchase insurance up front which of course c

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