Closing Costs When Buying A Home
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Hey everyone, it's Rachel Clark. Today I'm going to go over all the associated costs when it comes to buying a home, besides your down payment.
1. Lender Fees
Assuming you're using a loan, your lender will have fees and cost associated to getting your loan in place. This is why we want to ensure you meet with a lender first, and you understand fully all of the fees associated with them.Â
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2. Title Fees
Title fees are the fees and costs to ensure that your newly purchased home is placed correctly under your name.Â
3. Escrow Fees
Here in Arizona, we are an escrow state. The escrow officer ensures that the money you're using to purchase your new home goes to all the appropriate parties.Â
4. Interest of Mortgage
The lender requires that you pay the interest of your mortgage from the date of your closing to the first of the next month in advance. I hope these were helpful tips. These are a few of the associated fees when it comes to closing on purchasing a home. If you guys would like to be connected with any of our preferred lenders, please don't hesitate to reach out.
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Rachel Clark
Hi, I'm Rachel!
As a Tucson native, I have been fortunate enough to experience everything Tucson has to offer! I love being able to speak to people on a daily basis who are either looking to move to Tucson or are fortunate enough to already live here! You can reach out too. Send me a text, give me a call or shoot me an email. I'm here to help however I can when it comes to moving to Tucson!
