Real estate closing costs can quickly add up for the buyer and the seller. Closing costs can include the cost of the land survey, broker’s fees, taxes, attorney’s fees, utility fees, homeowners association fees and inspection fees. The list can be much longer and the amount of the costs will vary widely. Get more information here about various closing costs and real estate transactions.
How do you know if an interest-only loan is good for you? Interest-only loans generally work best for short-term circumstances to avoid getting into higher payments you cannot afford. Rates for interest-only loans can me lower or higher than a conventional fixed-rate or adjustable mortgage.
When should a homeowner refinance to take advantage of low interest rates? What is a punch list for a new construction home? WGN's Money Saving Expert Ilyce Glink answers real estate questions from the Mailbag.