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Over Half of All Buyers Are Surprised by Closing Costs

Mar 1, 2017   //   by Ben Gerritsen   //   Mortgage News  //  Comments Off on Over Half of All Buyers Are Surprised by Closing Costs

By simplify

Over Half of All Buyers Are Surprised by Closing Costs | Simplifying The Market

According to a recent

Keep in mind that if you are in the market for a home above this price range. your costs could be significantly more. According to Freddie Mac,

“Closing costs are typically between 2 and 5% of your purchase price.”

Bottom Line

Speak with your lender and agent early and often to determine how much you’ll be responsible for at closing. Finding out that you’ll need to come up with thousands of dollars right before closing is not a surprise anyone is ever looking forward to.

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