3/21/22, 10:53 AM
What Are Closing Costs? | John Gavin | Real Estate
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What Are Closing Costs? by John Gavin | Mar 21, 2022 | John Gavin, laguna beach, Real Estate
Do you know all of the closing costs and fees associated with buying a home? As you make your way through the closing process, numerous costs and fees must be settled before you get your keys and become a homeowner. It is essential to know what these costs are and how much they add up to keep yourself financially prepared for purchasing your new home. Buying a new home can be both astounding and intimidating. Remember the following fees when planning your home-buying budget to best prepare yourself. Loan Origination Fees These costs are associated with originating your particular loan. They are usually around 1% of the total loan value. Appraisal Fees An appraisal is a formal estimate of the value of a property and is necessary for most loans to be turned into the lender for approval. The cost varies depending on where you live, but https://johngavinlagunabeach.org/what-are-closing-costs/
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