Is it possible to save on closing costs?

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Certainly, once you get pass the sticker shock. Closing costs are expensive. They can average between 2 to 3 percent of the total home purchase price. But here are a few ways to save:

Haggle with the seller. He may pay all or part of the closing costs.

Nab a no-point loan. You may have to pay a higher interest rate, but if you are strapped for cash and can qualify for a higher interest rate, you may find this type of loan can significantly reduce your closing costs.

Grab a no-fee loan. Although the fee is usually wrapped into a higher rate loan, it does offer one advantage—you get to save on the amount of cash you would need up-front.

Secure seller financing. These loans typically avoid the traditional fees or charges imposed by lenders.

Shop ‘til you drop for the best deal. Every lender has its own unique fee structure; you are bound to find one that works for you.

Discussion Forum

Topic	Posts	Last Poster
financing for real estate and mortgages at 5-10% rates	1	thrifty
5-10% financing for real estate and mortgages	1	thrifty
Where did all of the PMI go?	5	scherner
Do you have the best price today? Post FREE on PROPERTYFIRESALE.COM!	4	Greatinfo
U have best price? POST FREE - PROPERTYFIRESALE.COM (no registration needed)	1	Greatinfo
Advertise Your Condo Listings Today!!! FOR FREE	1	mycondospot
Interesting Real Estate Blog...	6	progressive37
First time owner……..need some good tenant advice.	5	progressive37
Looking to know more about real estate investing.	5	progressive37
T-I-Cs start with T, and that stands for Trouble.	1	PeterWunsch

Plight of New-Home Marketing Companies: Struggling to Survive?

By George W. Mantor
RISMEDIA, November 21, 2008-Lost among the bank failures and resale downsizing has been the plight of new home sales and marketing companies. Once the high-flying benefactors of an explosion of new home sales, they now find themselves wondering where future closings will come from.
While there is excessive new home inventory at the moment, builders […]