Cut Down on Closing Costs: Buying a home can be stressful, time consuming, and put a little pressure on your pocket, so don’t let a lending company put even more pressure on your wallet for unnecessary closing costs.
Many lending companies will have costs built into their contracts that are unnecessary or just downright redundant and you do not want to pay for the same thing twice. For example, some companies will charge an origination fee and an application fee.
How to Cut Down on Closing Costs
Essentially, those are the same thing and if you truly plan on purchasing a mortgage there is no need to pay for both. Another example is a processing fee, but such a fee should be included in the origination fee because obtaining a mortgage is essentially just processing papers.
If you are looking to buy a home and want to make sure that you are not overpaying, contact us today. Boyer Law Firm has successfully closed many real estate closings including short sales and regular home purchases. Save some money from those unnecessary fees and buy something for your new home when closing with us.
For more information about the types of unnecessary fees, please read the article from which this information was taken http://www.chicagotribune.com/classified/realestate/sc-cons-0105-junk-fees-20120106,0,1118657.story.