Banking: U.S.

Recent Answers

2012-02-08 Real Estate Home Mortgages - upgrade a home:

Typically the seller pays the realtor fees which are typically 6% of the purchase price.  The closing costs are usually 3% of the loan amount, but can have a range pending your location.  some states,

2012-02-08 Real Estate Home Mortgages - finance new home question:

Lisa,    Before you start looking at larger homes, you need to find out what the current value of your home is. Unfortunately, most of the country is still experiencing a real estate slump, and the average

2012-02-08 Real Estate Home Mortgages - how much to get a new home?:

Thanks for your question.  The realtor fees (whatever % you have negotiated) is going to come out of the SALE of your current house.  Additionally, depending on your municipality, you may be subject to

2012-02-08 Real Estate Home Mortgages - financing a new home question:

The realtor fees will be paid out of the proceeds of the sale of the current home. They have no bearing on the new purchase.  The estimated closing costs on the new home cannot be 'added' to the loan.

2012-02-08 Real Estate Home Mortgages - Fifth Third Bank Refinancing:

Nearly every bank sells their mortgages to one of those sources.  Chase, Wells Fargo, Bank of America and several others will continue to service your loan.  That means that you make the payment to them