Ask Experts Questions for FREE Help !
Ask
    ltbulb's Avatar
    ltbulb Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Feb 2, 2007, 01:27 AM
    House Closing
    What are closing costs and how much, on the average?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
    		  
    #2

    Feb 2, 2007, 06:47 AM
    Closing costs vary from state to state but I've always heard that a good rule of thumb is 1% to 3% of the purchase price. They can include loan fees (application, appraisal, points), title search and title insurance, survey, tax and hazard insurance payments and escrows, legal fees and document recording fees.

    When you apply for a mortgage loan the lender must provide you with a document called the Good Faith Estimate. This gives a breakdown of your estimated closing costs and will give you a pretty good idea of what you'll end up spending.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Closing entries... [ 2 Answers ]

I need to make closing entries and I am confused as to exactly what form are the closing entries made on? Is it the Trial Balance sheet or the Income Statement? :(

Closing [ 2 Answers ]

Hello my question is how long can I stay in my house after the closing I will need to make arguments to travel to my new house in another stats I waiting on the money I get from the closing to move basically thanks again Janet

Closing Date [ 1 Answers ]

I want to xtend my closing date on the house I'm about to purchase... how I go about doing that... go to my realtor agent... is that breaking a contract..?. and how long can I entend it for... 1-2 mon..? Thanks

View more questions Search