Ilyce Glink Lender could end up paying if all fees were not revealed at buyer’s closing Article Ilyce R. Glink is an award-winning nationally-syndicated journalist who writes about real estate. Q: My wife and I purchased a house in Florida last April. This past weekend we received a letter and an invoice from the law
Read more %1$sHow to Ease the Pain of Closing Costs
Pat Mertz Esswein How to Ease the Pain of Closing Costs Article Patricia Mertz Esswein writes about housing-market conditions, mortgage financing, and the choices that buyers and sellers must make. Closing costs for a home average 3 percent of the purchase price — and go as high as 6 percent in higher-tax areas. Plus,
Read more %1$sBanks Push Home Buyers to Put Down More Cash
S. Mitra Kalita Banks Push Home Buyers to Put Down More Cash Article S. Mitra Kalita is a general assignment reporter at The Washington Post and serves as president of the South Asian Journalists Association. Last week, the Obama administration called for gradually raising down payments to a minimum of 10% on conventional loans, meaning
Read more %1$sAre closing costs negotiable?
Curbing Closing Costs BORROWERS have some weapons for keeping closing costs down, the result of recent guidelines requiring lenders to disclose certain fees, but perhaps the most underutilized consumer tool simply involves old-fashioned haggling. Read Article Lynnley Browning Lynnley Browning is a frequent contributor to the business pages of The New York Times
Read more %1$sDiscussion of lawyers doing closings
Gary R. Zwillinger Zwillinger Greek Zwillinger & Knecht PC 2425 E. Camelback Road, Suite 600 Phoenix, AZ 85016 Direct: (602) 224-7890 Fax: (602) 224-7889 Main: (602) 224-7888 Email: [email protected]: Gary Zwillinger [mailto:[email protected]] Sent: Friday, July 30, 2010 2:48 PM If I understand your facts correctly, your client owns the 100 X 100 acre parcel to
Read more %1$sBorrower’s Closing Costs Example (purchase)
WEST VIRGINIA Borrower’s Closing Costs Example (purchase) Sales Price $174,000.00 Deposit / Earnest Money $1,000.00 Loan Amount $139,200.00 Attorney’s Fees (Title Exam, Closing Etc.) $450.00 Loan Charges/Escrow $2,339.18 Lender’s Policy Premium $378.28 Owner’s Policy Premium $460.00 Recording Fee (Deed and Deed of Trust) $51.00 Transfer Tax $785.60 Survey Fee $400.00 Home Warranty Premium $545.00 Courier
Read more %1$sBorrower’s Closing Costs Example (Refinance)
WEST VIRGINIA Borrower’s Closing Costs Example (Refinance) Loan Amount: $145,000.00 Attorney’s Fees (Title Exam, Closing, Etc.) $450.00 Lender’s Title Policy Premium $391.00 Owner’s Title Policy Premium $580.00 Recording Fee (Deed of Trust andReleases) $52.00 Courier $25.00 Wire $35.00 Edoc $15.00 Total Estimated Closing Charges: $1,548.00
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