Homebuyers Spend $14K on Houses Post-Purchase
You’ve paid an ungodly amount for your house. You’ve also paid more than you can believe in closing costs. But if you are like the typical homebuyer, your spending isn’t over.
Odd Lots: Homebuyers Should Keep Cash in Reserve
Homebuyers sometimes pour every dollar they have into the transaction. But a new study found that buyers with post-closing liquidity of three months or more were five times less likely to default on their mortgages.
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.
