Tag: understanding closing cost

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* #4

Non-recurring (one-time expense) Closing Cost: “CREDIT REPORT” Fee.  Mortgage lenders usually review your credit report from all three credit bureaus and obtain scores from each. Consumers typically pay $45 to $55 for this report. PREVIOUS PAGE: UNDERSTANDING CLOSING COST #3…

HOMEBUYERS: UNDERSTANDING CLOSING COST* #3

Non-recurring (one-time expense) Closing Cost: “APPRAISAL” Fee. This fee is usually paid upfront.  The appraisal determines the value of the home.  PREVIOUS PAGE: UNDERSTANDING CLOSING COST #2 NEXT PAGE: UNDERSTANDING CLOSING COST #4 *CLOSING COST are different than your Down…