Remove Closing costs Remove Industrial Remove Inspection
article thumbnail

CoreLogic: Jump in home-purchase closing costs outpaces refi loans

Housing Wire

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

article thumbnail

Bummer! Existing-home sales flop, but relief could be on the way

Housing Wire

While the report is another disappointing one for the real estate industry, there’s good news. Higher inventory levels and lower mortgage rates should provide better conditions for the market in the fall, helping both buyers and sellers who’ve been waiting on lower borrowing costs and the end of the election cycle.

Sales 459
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consolidated Analytics’ Ed Gerding: The pillars of QC in action

Housing Wire

Quality control reviews include analysis and identification of any property issues and items of safety, soundness, or structural integrity to determine whether the lender appropriately required inspections or repairs prior to the purchase of the home by the borrower.

VA loan 447
article thumbnail

What Are Closing Costs?

HomeLight

When youre preparing to sell or buy a home, the phrase closing costs will be spoken (and written) on both sides of the transaction table. But what are closing costs? Understanding these costs upfront can help you budget properly and avoid surprises. Get Started What are closing costs?

article thumbnail

Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

Non-Recurring Costs Associated With the Lender. Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. May vary widely between lenders and are not dependent on the cost of the loan. Lender Fee.

article thumbnail

How Much Are Closing Costs in Florida?

HomeLight

Once you’ve found your dream house in Florida and settled on the purchase price, you might think you know the final cost you’re responsible for. However, there’s another set of fees and charges you must be prepared for, and those are closing costs. Find a Buyer's Agent What are closing costs? of the sales price.

article thumbnail

Homebuyer Beware: 9 Unexpected Mortgage Closing Costs to Watch Out For

HomeLight

It’s no secret that the mortgage industry isn’t super transparent about closing costs. According to a February 2017 report from ClosingCorp, more than half of homebuyers surveyed were surprised by their closing costs. Third-party fees: The second group of closing costs is third-party fees.