Posts Tagged ‘mortgage costs’
Your Down Payment Is Not the Same as Your Cash to Close
One of the most common surprises for homebuyers happens when they hear the words “cash to close.” They may have saved enough for their down payment and assume that is the amount they will need at closing. Then they see additional costs and wonder where all those numbers came from. Your down payment is part…
Read MoreWhy the Lowest Interest Rate Isn’t Always the Best Mortgage
When most people shop for a mortgage, they ask one question first. “What’s your interest rate?” It’s an important question, but it isn’t always the most important one. In fact, I’ve seen borrowers choose the lowest advertised rate only to discover later that it came with higher fees, extra costs at closing, or a payment…
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