Tagged : Closing Funds

This article will break down the closing costs one should be familiar with when purchasing a metro Denver CO home.

Down Payment – The amount of down payment required will vary based upon financing or what the home buyer wants to put down. There are programs I know which have zero down payment from the buyer and some can go to 20% of the purchase price or more. Basically if a buyer purchases a $200,000 home and makes a 10% down payment, the down payment amount would be $20,000.

Costs of Closing – Traditionally called closing costs, these fees include any fees tied to processing the mortgage in addition to fees charged by the title company to process the closing. The specific fees charged by the lender vary and will typically include a origination fee,…