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Mortgage closing costs: What are they and how much do they cost?

When you complete a real estate transaction, whether you're refinancing a mortgage or purchasing a new property, you pay closing costs. It's important to be financially prepared for this expense as these costs might range from 1 to 2 percent…

How to Read and Compare Loan Estimates

One of the most important mortgage disclosures you'll examine when comparing home loan offers is the loan estimate. However, the loan estimate form contains a plethora of precise information. There are key points to keep in mind so that you…

Understanding an Impound Account in Real Estate: How They Work and Their Impact on Closing Costs

In the realm of real estate transactions, an impound account plays a significant role in managing certain expenses associated with homeownership. Also known as escrow accounts or reserve accounts, impound accounts are designed to ensure the timely payment of property-related…

How to shop for and compare mortgage offers

When shopping for a mortgage, comparing offers from different lenders is essential. You may be tempted to go with the first offer you get, but that could cost you money in the long run. You can get the best deal…

No Cost Refinance in Overland Park & Kansas City, KS & MO

When looking to refinance, a homeowner has several rate and cost options to choose from. Homeowners can pay upfront points to buy a lower interest rate resulting in high closing costs. Or, go with a no-point loan with a slightly higher interest…

What are Mortgage Points?

Most of us will spend the most money on purchasing a home, so anything that might lower the mortgage cost is worthwhile. Some homeowners purchase mortgage points, commonly called "origination points" or "discount points," to reduce the interest they pay.…

Closing Disclosure: A Detailed Explanation

The Closing Disclosure describes the terms of your mortgage loan, including the purchase price, interest rate, estimated property taxes, insurance, closing costs, and other related expenses. You must review all five pages thoroughly as it's one of the most important…

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