Mortgage Fees

Closing cost, loan fees, and title cost on a 2008 home purchase. Full service closing, and insurance.

Execelent. We felt fully informed of all products involved in our loan and insurance purcase. All parties involved with those porduct worked hard and faithfully to insure that at all time our financial and leagl obligation were both covered and protected. Our Bank and assocatied parties worked hard to fit us with the loan products that best suitred our needs.

In the process of purchasing a home there are many pitfalls which can drain on the overall cost of the purchase. These are not necessarily attempts to rip you off, more so they are just simply things that can go over looked and ultimately lead to your home costing you more. Always be fully aware of what everything on your closing and balance sheets mean. You should fully research the loan products you are purchasing and be fully aware of their costs, benefits, and faults. Get multiple resources and offers to have a basis of comparison. And look realistically at any large amount being requested of you in the process. Also is good to know weather or not you bank intends to sell, or maintain your loan. This will give you a sense of where they intend to make their profit. Much like a car deal the best deal will always go to those who have a true sense of the value of what they are buying and are not afraid to ask for it. Also most title companies will happily give you a discount, is not much but a few hundred helps. Just tell them to "keep the cigars and pens, and just give me the best rate" when you go to closing at title.