But there is an often-overlooked expense when buying a home: closing costs.
At the same time, the Biden administration plans to take aim at so-called “junk fees” hidden in closing costs.
New York, Delaware and Washington, DC, have the highest average closing costs, according to Bankrate; while Missouri, Indiana and North Dakota have the lowest.
Lowering closing costs on your ownThere is one relatively simple way to lower your overall closing costs: shop around.
“When you compare those offers, examine not just the rate itself but also the closing costs.
Persons:
homebuyers, —, Biden, ” Jeff Ostrowski, , ” Ostrowski, you’re, homebuyers haven’t, Brian Connolly, it’s, “ It’s, ” Connolly, Connolly, ”, Freddie Mac, ” Genaro Villa
Organizations:
CNN, Consumer Financial, National Association of Realtors, realtors, University of Michigan, NAR, homebuyers
Locations:
New York , Delaware, Washington, Missouri, Indiana, North Dakota, Bankrate, AnnualCreditReport.com