If you are looking to purchase your dream house, but are worried about the budget including closing costs which can be in thousands of dollars once you see the sales contract which may include various fees like; title insurance, transfer taxes, filing fees, legal fees, inspection costs and more.
The additional cost for purchasing the house could be anywhere between 2-4% of your loan amount.
These charges could be apart from the down payment, appraisal cost, etc. Looking at these charges anyone would give a second thought to buying a new house.
But before concluding, you can always check for an option called “Lender Credit”, where you can save a substantial amount of money. In this post, we will understand what lender credit is.