23 Jun 2007 07:15 am
Understanding Your Mortgage Closing Costs and Fees
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| As an informed mortgage customer, you should make your mortgage banker walk you through each cost, and explain in detail what you are paying. The bottom line is that you don’t want to be surprised at the last moment. Imagine getting a call from your mortgage banker the day of your closing with a message that your [tag]closing costs[/tag] are $1,200 more than you thought. And the only explanation is that the [tag]title company[/tag] made a mistake. Chances are you may have to reschedule your closing to get the money together for the difference, or have your mortgage adjusted to have the amount rolled in. |
