Closing Costs: An Essential Part of Your Home-Buying Budget
When planning your budget for a new home, it’s crucial not to overlook closing costs. Closing costs are the fees and expenses you pay to finalize your mortgage, and they can range from 2% to 5% of the purchase price of your home.
Closing costs encompass a variety of charges, including loan origination fees, appraisal fees, title insurance, and more.
Understanding closing costs can prevent surprises at the end of the mortgage process.
NIHFCU’s home loan specialists are committed to helping you understand the ins, and outs of the home-buying process. If you have questions about closing costs or need assistance developing a home-buying budget, we’re here to help.
Reach out today to learn more about making your home ownership dreams a reality.
Rates, fees and terms as of December 21, 2024 and subject to change without notice
