David Allen Rivas Realtor
165 South Murphy Avenue Suite B
Sunnyvale CA. 94086
License; #01841683
Direct (408) 431-7202
Fax; (408) 736-4444
Email; davidarivas@gmail.com
Website: https://www.DavidAllenRivasRealtor.com
4 Common Questions About Closing To Help You
If you’re getting ready to buy a home, you’re probably focused on saving as much as you can for the down payment. But don’t forget: You’ll need to cover closing costs, too.
To create a realistic homebuying plan, make sure you factor in this additional upfront expense so that you can set yourself up for success.
Are you eyeing a home purchase in the near future? Here’s what you need to know about closing costs:
What are closing costs?
Closing costs include several fees, including those associated with originating, processing and underwriting your loan, recording the transaction with your county, appraising your home and more. Taxes and insurance are also part of these expenses.
When do you pay them?
Closing costs are paid on closing day, once your loan is ready to be finalized. You’ll also pay your down payment at this time. One of the Common Questions About Closing To Help You For Home Buying is this.
How much are closing costs?
The exact amount you’ll pay will depend on various factors, including your location, loan amount, lender and more, but you can generally expect to pay somewhere between 2% and 5% of your total mortgage balance.
Are there ways to reduce closing costs?
You can reduce your closing costs by shopping around for your lender and title company, asking the seller to contribute, or, in some cases, negotiating with your lender.
Selling a house comes with closing costs, too, so make sure you’re prepared if you’ll need to sell a property before buying your new one.
Ready to start your home search? Get in touch today.
I wanted to ask a favor of you!
Could you please remember my name, David Allen Rivas, when you hear anyone say, I am thinking about buying a home, selling a home or leasing their home. I can help! I also can help with any commercial needs you may need as well. As your real estate expert, I am happy to help out with any real estate needed services you may have and am willing to pay a finders fee just for you putting my name out there!
If you could please do this for me I would be more than appreciative.
David Allen Rivas Realtor
165 South Murphy Avenue Suite B
Sunnyvale CA. 94086
License; #01841683
Direct (408) 431-7202
Fax; (408) 736-4444
Email; davidarivas@gmail.com
Website: https://www.DavidAllenRivasRealtor.com
