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Closings Costs Soar Almost 21 Percent
It is advantegous for buyers to talk to several lenders and get a cost estimate of these costs. Some lenders charge a flat fee that will cover these costs and there is no origination fee.
New mortgage regulations, per bankrate.com, is the reason for these increased costs.
The five states with lowest closings costs are Nevada, Tennessee, Missouri, Ohio and Washington DC.
The five states leading the pack for highest costs are Texas, Alaska, New York, Hawaii and Wisconsin.
Closing costs exclude prepaids, escrows, title insurance, interest and association fees.
With more than a decade of experience, LaDawn enjoys educating first time home buyers, working with the 55+ community, relocation clients, sellers who want to downsize, step up purchase or anything in....
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