Mortgage Closing Costs are Cheaper Today

Dated: 08/10/2012

Views: 1364

The Federal Government is helping you, "Joe Homebuyer" afford a home by making the transaction cost less. The Average closing costs nationally have dropped by 7.4% in just the past year. That means if you aquire a $200,000 Mortgage your average closing costs including Origination fees, Application fees, Credit check fees and the like will be about $3,754.00. Thats about $300.00 less then a year ago. This extra money in your fist is one more reason to look around for your dream home. With the Interest Rates being the lowest ever and the high availablity of homes ready for a willing owner these conditions are as good as they get. 

For comparative examples check out Bankrate.com to see what it cost a year ago and today!

Happy Shopping!

Want to Advertise on this Site?

Latest Blog Posts

3 Questions You Need To Ask Before Buying A Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs

Read More

How Do You Know How Much To Put Down On A Home

For many prospective home buyers, the down payment is the most

Read More

Its Time To Spring Ahead

Don't forget to set your clocks ahead one hour before bedtime this Saturday evening as Daylight Saving Time begins at 2:00 a.m. on Sunday, March 10.Many smart devices will make the

Read More