Mortgage Basics: How to Get a Loan to Buy Your Dream House on 30A

How to Get a Loan to Buy Your Dream House on 30A

If you're a first-time homebuyer, there's probably a lot you don't know about getting a mortgage loan. And unless you have a huge pile of cash hidden in your mattress, you're going to need one. (On an unrelated note, don't tell anyone if you do have a huge pile of cash hidden in your mattress... and think about moving it to a safer location.) Most homebuyers need a mortgage loan, but lenders are picky - and different lenders offer different terms. What one lender is offering might not be that good for you, but another might have the perfect loan product. Here's what you need to know … Continue reading...

How Much Are Closing Costs When You Buy a Home on 30A?

If you're like most people, you'll have to finance the purchase of your new home on 30A - and that means you'll have closing costs to pay on the day you sign the dotted line. But how much are closing costs, and is there anything you can do to lower them? Here's what you need to know. How Much Are Closing Costs When You Buy a Home on 30A? On average, closing costs range between 2 and 7 percent of a home's purchase price. If you're buying a $250,000 home, your closing costs will be somewhere between about $5,000 and $17,500. Who Pays for Closing Costs? Buyers and sellers often … Continue reading...