NEW YORK (CNNMoney) -- Federal regulations are helping to significantly reduce the amount new homebuyers are paying come closing time.
Search for Santa Fe Real estate - Homes, Condos, Land & Vacation Properties in Santa Fe, NM
The average cost of closing on a mortgage has fallen by 7.4% over the past year, according to a recent survey by Bankrate.com. At the end of June, a homebuyer looking to close on a $200,000 mortgage with 20% down paid an average of $3,754, $300 less than 12 months earlier. Read More
1 comment:
When you refinance an existing home, your mortgage costs aren't as high as a new home purchase. You can refinance your home to get a better rate, pull cash-out to do home improvements or pull cash out to pay down debt.
Real Estate Closing Costs
Post a Comment