Tag: escrow fees

HOMEBUYERS: UNDERSTANDING CLOSING COST* #6

Non-recurring (one-time expense) Closing Cost: “WIRE TRANSFER” Fees. Wire transfers are instantaneous. As a buyer, you may be asked to wire the closing cost (minus the earnest money) to the escrow company.  A wire transfer doesn’t have to cost money.…

HOMEBUYERS: UNDERSTANDING CLOSING COST* #2

Non-recurring (one-time expense) Closing Cost: “ESCROW” Fees Typically, the buyer and seller split this fee 50/50. This is paid to the title/escrow company for conducting the closing. The title/escrow company oversees the closing as an independent party in your home…