First-time homebuyers using the Connecticut Housing Finance Authority’s Downpayment Assistance Program can now include closing costs in the total loan amount, a feature not available to borrowers in recent years.
A new study of 35 major metro areas from Zillow and Thumbtack is estimating the average American home seller will spend nearly $21,000 on home improvements, closing costs and staging this year.
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.
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.
