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Can Closing Costs Be Rolled Into Your Mortgage?

Redfin

Home inspection fees: The cost to professionally check the property is up-to-code and in good, habitable condition. Higher monthly payments: While your upfront costs are lower, your monthly payments will be slightly higher because of the larger loan amount. VA loans A VA loan is a mortgage loan guaranteed by the U.S.

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Closing Costs for Sellers: A Breakdown of How Much You’ll Pay

Redfin

However, there are some costs associated with selling your home, like repairs, staging, and pre-listing inspections, that may also need to be paid before closing. How much are closing costs for sellers? On average, sellers typically pay between 6% and 10% of the homes sale price in total closing costs.

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Can You Get Your Earnest Money Back at Closing?

Redfin

This is more common with VA loans or USDA loans, which require no down payment. If youre using a VA or USDA loan, you dont have to make a down payment. You received seller concessions or lender credits. You may receive a refund. That means youll receive $1,000 of earnest money back.

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Vital Steps to Take When Purchasing Your First Home

Realty Biz

Research different types of mortgages available, such as conventional, FHA, or VA loans. Navigating the Home Inspection and Negotiation Process Once you have put a house under contract, the next step will be the home inspection. Navigating the home inspection and negotiation process is a critical step in buying a house.