How to Ease the Pain of Closing Costs

 

Pat Mertz Esswein

How to Ease the Pain of Closing Costs

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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, for most loans, you must come up with at least a 5 percent down payment. But you can use the following strategies to reduce the pain.
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