You put an offer on a home. The offer is accepted. Then, all of sudden, you get hit with thousands of dollars of fees and expenses that you weren’t expecting when searching for a mortgage. Many homeowners go through this panic. They know about “closing costs,” but they generally seemed blind sided with how much those closing costs end up being, especially if you are spending a lot of money on a house. Here’s a breakdown of what goes into those “closing costs” and a few tips on how you might be able to save:
Advertising Disclaimer: Simple. Thrifty. Living. does receive compensation for some of the services that we recommend, although we only recommend services that we truly believe are the best.