When you purchase a mortgage loan on a house- there is that phrase again, you didn’t think you were Purchasing a loan, now did you?

Anyway, as part of purchasing a house, there are certain costs and fees associated with closing on the loan (there, that’s better).  These costs are referred to as….wait for it…”Closing Costs”.

Now, some of these charges are fixed fees, other , like title insurance are percentage based.  Some are required by the bank to be put away on your behalf in an escrow account…like taxes and insurance (called pre-paids) so that your taxes and

Using A Buyers Agent Can Help You

Using A Buyers Agent Can Help You

insurance are actually paid by the bank and are part of your monthly payment, others are title fees for the good work that the title people do to protect you.

Then there are underwriting fees, appraisal fees, broker fees, application fees, origination fees.  Everyone gets a fee from you…well, except us!  As buyers agents it doesn’t cost you anything to use us, nope, nada, zip, zilch…so doesn’t it make sense to have someone like us watching over your transaction…and money…to make sure everyone is doing it right?

But…I digress.

All in all these fees add up to about 3% or so of the purchase price of the home, and they are in addition to the purchase price and downpayment you need to have to complete the purchase of your home.

 
Homes In West Valley for 1st time homebuyers
But never fear, young Padawans, there are ways to handle closing costs so they are not an undo burden on you.  Just give us a shout and we will talk with you about it.  Don’t worry, we don’t bite (well, Steve might nibble a bit when he hasn’t had his Snickers, but I keep him under control), and remember, we are here to help!  So, give us a shout at 801.819.9005 and yes, you can text us!

Homes for first time homebuyers

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