Currently viewing the tag: "Closing costs"

Just a fun comparison for this week’s PMMS results. We’ll call them Chicago mortgage and Atlanta mortgage to make this easy.

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Somewhat surprisingly, the national average for closing costs is going higher while mortgage rate averages are going lower.

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Closing costs

On September 23, 2008 By

These are expenses incurred over and above the price of the property, by buyers and sellers when transferring ownership of property. They are of two types, non recurring and pre paid. The former costs are incurred on items paid just once as a result of buying property or obtaining a loan. Pre-paid are costs which [...]

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