Saving for a down payment in preparation for buying a new home is pretty common knowledge. Most mortgages that allowed zero down payments have disappeared except VA & USDA Mortgage Loans. While FHA and VA loans still offer little to no money down, most potential homebuyers will need to save…
Category: Real Estate Closing Costs
What Are Seller Contributions Towards The Buyer’s Closing Costs?
Whether you’re buying or selling a condo or a home in Minneapolis, St Paul or the surrounding suburbs, you’ll want to know what are the seller contributions towards the buyer’s closing costs. These contributions can be a powerful incentive for selling a property because closing costs can add up very…
What is real estate closing costs?
Real estate closing costs are fees paid at the time of closing in addition to a down-payment. The closing fees can vary depending if you are paying cash or using a mortgage to purchase a real property. The buyer’s closing fees can be anywhere from 3.0% to 6.0% of the…
