Sometimes in the excitement of purchasing a new home, buyers forget to plan for closing costs and the amount can be a shock on the signing day. So, plan for closing expenses ahead of time. You will need to write a check for such items as taxes, title insurance, prepaid homeowners insurance, points, lenders' fees, etc. Closing costs can range anywhere between 2% to 3% of the selling price of the house. The best way to prepare for this day is to get a closing cost estimate from your lender very early in the loan process. That way, you will not be surprised and can save up the amount you need and will be able to write the check without suffering an emotional meltdown! I will be happy to prepare a closing cost estimate for you.
Feel free to contact me.
Make it a great day,
Mike
(650)766-8500
mike@mikervin.com
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