Archive | May, 2017

Don’t Get Surprised by Closing Costs

home with blooming flower bushesBorrowers who say they are surprised at closing by the costs they are expected to pay have not read all the paperwork their lender has given them. New rules that went into effect in October 2015 are designed to eliminate such surprises. Under the rules, borrowers should receive an estimate of the closing costs within 3 days of their application, and the actual closing costs 3 days before closing. Read More

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