What Are Typical Closing Costs for First Time Homebuyers?
Fotolia.com”> jQuery(document).ready(function(){ jQuery(‘#jsArticleStep1 span.image a:first’).attr(‘href’,’http://i.ehow.com/images/a06/9t/2c/typical-costs-first-time-homebuyers_-1.1-800X800.jpg’); }); A good faith estimate itemizes closing costs. There are costs associated with every real estate transaction. These costs are divided between the buyer and seller and are negotiable. A good faith estimate itemizes the costs of the transaction, showing both buyer and seller costs. Parties are provided a copy of the good faith estimate prior to closing. The buyer’s costs generally include the buyer’s down payment, the cost of his mortgage, insurance costs and the documentation of the transaction. Mortgage Costs Fotolia.com”> jQuery(document).ready(function(){ jQuery(‘#jsArticleStep1 span.image a:first’).attr(‘href’,’http://i.ehow.com/images/a06/9t/2c/typical-costs-first-time-homebuyers_-2.1-800X800.jpg’); }); Larger loans mean higher closing costs. Borrowing money is expensive and begins wi
