Okay so we’ve been on a role about the different MAJOR payments associated with the home buying process. From your Earnest Money Deposit, to your Down Payment, it can be a log. Today we’re gonna talk about Closing Costs 🤓
Lot’s of people think you just need to pay your downpayment & the keys are yours; sadly mistaken. Closing costs are those additional fees & costs, that can either be paid by the buyer, seller, or both, that must be paid to complete the real estate transaction.
Closing costs typically include things like loan origination fees, appraisal fees, title insurance, taxes, deed-recording fees, credit report charges, and all this other extra stuff you didn’t even know existed smh.
1st time homebuyers can often qualify for programs that cover or help cover your closing cost. Check out our IG story for more.