Site Tools: RSS | Email Alerts | Mobile
Closing costs
Closing costs are all of the expenses that both a buyer and a seller incur when transferring ownership of a home. These costs are in addition to the price of the property and normally include any attorney and escrow fees, property taxes, and interest payments, as well as title and mortgage insurance charges, sales commission, credit report costs, and termite inspection fees.
Escrow accounts
An escrow account is a savings account that''s set up by a lender when you take out a mortgage. Its purpose is to allow you to set aside a portion of your monthly mortgage payment to cover the costs of annual fees like property taxes and homeowner''s insurance premiums.
Playing it safe before closing
During the final weeks before closing, you should be prepared to know that anything may happen to prevent the final sale of the house. As a result, it''s strongly recommended that you perform some important activities to ensure the transfer of the home takes place properly.
Types of insurance
When closing on the purchase of a home, you should be familiar with three types of insurance. The first is title insurance. Title insurance protects the homebuyer and the lender against any claims that may arise from disputes about the ownership of the property.




Most Popular
Calculators
Mortgage Calculators

Adjustable Rate Mortgage Calculator
Mortgage APR Calculator
15 Year vs. 30 Year Mortgage
Mortgage Loan Calculator
Mortgage Payoff
Mortgage Points Calculator
Refinance Breakeven
Mortgage Tax Savings

Renters Guide

Rent vs. Buy
Are you better off buying your home, or should you continue to rent?

Loan & Line Payment
This calculator helps determine your loan or line payment.

Refinance Interest Savings
Use this calculator to see how much interest you can save by refinancing your mortgage.

Amortizing Loan Calculator
Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment.
Scripps TV Station Group
© 2009 The E.W. Scripps Co.
Privacy Policy (Updated) | Terms of Use (Updated) | EEO
More news and information
from our local news partners
  This site is hosted and managed by Inergize Digital.