An Updated List of Home Buyer Closing Costs
We've just updated our list of home buyer closing costs. Over time, most home buyer closing costs have gone up, and since the housing crisis, mortgage lenders have added new fees on top of the old ones that were already fairly onerous.
One thing is certain: All these home buyer closing costs add up…
Listen To September 7 Ilyce Glink Show
Ilyce's most recent Sunday show is now available on ThinkGlink.com: http://www.thinkglink.com/radio.asp Ilyce discussed the Federal Government's takeover of secondary mortgage market giants Fannie Mae and Freddie Mac. She took calls from listeners like Cathy, who are wondering if the takeover will…
Closing Costs Increase Nationwide
Average closing costs increased to $3,118 in 2008 from $2,736 to 2007. That's a 14 percent rise, according to Bankrate.com.
Which state has the highest closing costs? New York. And New York City has the highest rates of any locality in the country, with $4,016 average costs.
The other top 5 are: Texas…
One of the biggest complaints consumers have about the loan process is that the good faith estimate (GFE) is so often wrong -- and wrong in a big way. Instead of the closing costing less than anticipated, or even the same, it often costs a lot more than what the lender had estimated on the GFE.
For…
