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HOW TO REDUCE CLOSING COSTS ON YOUR MORTGAGE

Posted on: 10/14/2013

When you take out a mortgage, whether it’s for a purchase or a refinance, you must pay closing costs, which can vary considerably.

There are fees that must be paid to the lender, along with optional ones, such as mortgage discount points, and fees that must be paid to third parties, such as title/escrow and insurance.

Whether you pay these fees out-of-pocket is another question, but either way there will be a cost, and you must pay it in one way or another.

Here are some ways to reduce your costs.

 

As always, I’m happy to meet with you to discuss your options.

What Folks are saying about Steve

Blog Testimonial

My husband and I signed a “Bond for Deed” on our dream home, and had a two year deadline for financing it.

Our loan was such a challenge because of the “Bond for Deed” and we ran into every obstacle imaginable.

Steve was by our side every step of the way and was extremely knowledgeable and caring.

Steve was with us to the very end and had the pleasure of handing us the key to our dream home.

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Liza & Joseph Brown

Disclaimer

Southwest Funding LP (NMLS 32139) is an Equal Housing Lender. This is not a commitment to lend or extend credit. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All Right Reserved. Steve Lanier NMLS 94837