Closing Costs
Closing costs are the thousands of dollars in fees associated with getting a mortgage or refinancing a home loan and typically amounts to 2 percent to 5 percent of the loan principal but can vary by state.
Latest Closing Costs Articles
-
Buying a home? Here’s what to expect at the closing
Don’t get tripped up at the finish line when you buy a house.
7 min read Jan 19, 2022 -
Best mortgage lenders with no origination fee in 2022
Here is Bankrate’s guide to the best mortgage lenders with no origination fee.
3 min read Jan 19, 2022 -
Understanding the escrow process
The mortgage escrow process involves several phases.
5 min read Dec 20, 2021 -
Is a no-closing-cost refinance right for you?
A no-closing-cost refinance is a refinance where you don’t have to pay for closing costs upfront to get a loan.
4 min read Dec 15, 2021 -
Mortgage points and how they can cut your interest costs
Points can save you a bundle of money, but it pays to do a little analysis first.
5 min read Dec 10, 2021 -
Hard money lenders: One source for unique mortgage situations
These loans appeal to house flippers or those with unusual situations.
7 min read Nov 02, 2021 -
APR vs. interest rate: What’s the difference?
Most homebuyers focus on the mortgage rate and ignore the APR.
4 min read Oct 27, 2021 -
Mortgage and real estate news this week: Why some homeowners are avoiding refis, and mortgage rate update
A crash course in some homebuying basics for first-timers, and another update on mortgage rates.
1 min read Oct 23, 2021 -
What is RESPA?
There’s a lot involved in RESPA, but three key areas matter for you.
4 min read Oct 21, 2021 -
What are real estate closing costs and how much will you pay?
Closing costs can add up fast, but you may be able to avoid them.
5 min read Oct 20, 2021