Understanding Mortgage Costs

When you see that sign on a house, check out the listing online and find out that the sell price is $250,000 - keep in mind that there are other costs that you may have to take into consideration if you decide to buy.

Here's a short list of some of the other costs that may come up:

Down Payment
Loan origination fees
Interest rates
Discount points
Private Mortgage Insurance
Property Taxes
Moving expenses
Inspection fees

Lawyers' fees (some states require legal representation)

Always speak with a mortgage professional; they should make it clear to you exactly what costs are involved in your transaction.

5280 Magazine Five Star Mortgage Professional Award Winner every year since 2013

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