Any time you buy or refinance a house there’s a litany of expenses that go with it.
There are many “hands” in the soup that is a real estate transaction, and each one of them demands some money to do what they do.
If you’ve ever wondered what those charges mean, here’s some inspiration…
What Real Estate Closing Costs are Made Up Of
Here’s a not so well-kept secret: mortgage “lenders” aren’t direct lenders, but middlemen who arrange mortgages then sell them to Fannie Mae, Freddie Mac, or Ginnie Mae. In the process, there’s a fee for nearly everything they do.
Here are the more typical ones: Continue Reading