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Closing Costs

On a average, closing costs run approximately 3% to 4% depending on your lender and the price of the home. The percentage may vary depending on where you live as well. This could may be payable even with no money down type of loans.

Closing costs include many things as, points, home owner insurance, appraisal fee, recording fee's or a lawyers fee depending on where you live and if you choose to use one, title insurance/ search and examination fee's, tax pro rations, agent commissions , mortgage insurance . If you wish to avoid mortgage insurance you would need to put at least 20% down.

 



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Posted on February 14, 2007 10:56:25 by Vickie.TOWNES - View Profile
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