Home Buying? Make sure you review and negotiate closing costs.

Buying a home? Here’s some good news

Despite rising home prices nationwide, wannabe house owners can take comfort in one thing: Closing costs are dropping. The closing fees associated with borrowing for a home have fallen seven percent over the past year, now averaging around $1,850 on a $200,000 loan, according to Bankrate.com. The research firm sought an online estimate from lenders in all 50 states and Washington, D.C., on the closing costs for getting $200,000 mortgage on a single-family home, with a 20 percent down payment. An important take-away from the survey: Homebuyers have more say over closing costs than they might expect. Bankrate advises people to compare closing prices, noting that costs vary among lenders. Read More.
Contact Regina Singh for more information – 714-883-5205