If you’re like most people, you’ll need to borrow money from a lender in order to buy a home in Tampa Bay. That means you’re going to hear a lot of new terms floating around when it comes to financing… but what do they all mean? Check out our mortgage term glossary to make sure […]
Home buying has costs associated with it other than the mortgage itself. Known as closing costs,,these fees are a part of the home buying process and they are due at the time that the mortgage is finalized. Buyers, however, can negotiate these costs and reduce the expense with a little bit of effort and with the help of a good mortgage professional.
Whether you’re just starting to shop for a new home or you’ve already found the perfect new house and you’re ready to submit an offer, if you’re taking out a mortgage loan to cover some of the home’s purchase price you should be aware of the various closing costs you may encounter.
In this post we’ll look at a number of these closing costs and what you will be expected to pay when you buy that next dream home.