Closing Costs Can Bust a Homebuyer’s Budget

In the emotional rush that precedes buying a home – negotiating contract details and price, beating away rival bidders, searching for the best mortgage deal – closing costs often aren’t a pressing concern. Yet what you pay at settlement can be surprisingly expensive, even a budget buster.

Don’t Let Closing Costs Surprise You

Everyone knows that financing and closing on a home purchase can be complicated. Which is why more than a year ago the Consumer Financial Protection Bureau issued a set of new disclosures and rules designed to bring greater clarity – and certainty – to transactions.