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   2010-01-23
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   Mortgage Loans 101: How to Prepare for Closing


Mortgage Loans 101: How to Prepare for Closing Costs Keep in mind, however, that these are just estimates. On average, closing costs range between 3% and 5% of the total funding amount. But closing costs often include fees for the following (this list is not all-inclusive): * mortgage origination * funding application * Appraisal * Document preparation * Attorney’s services * Escrow agent’s services * Pest inspection * Credit report / processing Getting an Estimate of Closing Costs The realestate Settlement Procedures Act, or RESPA, requires that mortgage lenders give you a good [...]
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This entry was posted on Saturday, January 23rd, 2010 at 10:45 pm. Both comments and pings are currently closed.