February 2019

Found 1 blog entry for February 2019.

How to Break Down Your Closing CostsThe term 'closing costs' is a catch-all term that essentially refers to all the charges a home buyer pays to close escrow. In Canada, home buyers can expect the closing costs to total somewhere between 1.5 and 4% of the total cost of the home. This can be a significant amount for any home buyer—so much so that it may increase the loan bracket if the buyer has to borrow from their lender to pay for closing costs. Homeowners should understand more about how common closing costs break down, so they can budget accordingly.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Preliminary Charges

Before a home buyer even closes, they typically have to pay for

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