Closing costs can get complicated fast when you don’t have the right information. Let’s break them down!
Some closing costs are a one-time deal. You only pay them once as you’re closing on your home, and you never have to pay them again. These include your home inspection, lender fees, title insurance, and other costs.
But other closing costs need to be paid more than once. These include your property taxes, PMI insurance premiums, and other insurance premiums. These recurring costs are usually wrapped into your monthly mortgage payment, which is why it’s so important to know about them.
Want to know more about closing costs? Contact us today.
