Owning a home can be one of the most important milestones. Planning accordingly with a knowledgeable team of people to get you there, is the first step to reaching your goal. Today we will give a brief explanation on two different costs associated with purchasing a home. Closing Costs and The Down Payment. Closing costs are fees that include loan fees, recording fees, taxes, documentation charges and title insurance. These fees are required to be paid upon closing to purchase the property. The Down Payment goes toward the purchase price of the home. It may be a percentage or portion of the overall cost used to buy the home. Both are usually required and it is important to know what each one goes toward. Hope this is helpful! We are here to help you with any other questions or concerns you may have. Our goal becomes your goal! We would be honored to help you in your home search.
- Your Team at Aegis Professional Realty