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Understanding Costs

When you see that sign on a house, check out the listing online and find out that the sell price is $250,000 - keep in mind that there are other costs that you may have to take into consideration if you decide to buy.

Here's a short list of some of the other costs that may come up:

  • Down Payment
  • Closing Costs
  • Points: 1 point = 1% of loan
  • Loan originiation fees
  • Interest rates
  • Discount points
  • Private Mortgage Insurance
  • Property Taxes
  • Moving expenses
  • Inspection fees
  • Lawyers' fees (some states require legal representation)

 

Always speak with a mortgage professional; they should make it clear to you exactly what costs are involved in your transaction.

Contact Information

Carrie Walker
Retail Loan Officer
(970) 336-1185 
cwalker@ulc.com

License#: 100051963
NMLS#: 1119930
Regulated by the Division of Real Estate.

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Carrie Walker, Loan Officer
Universal Lending Corporation
6775 East Evans Avenue, Denver, CO  80224
Direct:  (970) 336-1185
cwalker@ulc.com
Copyright © 2017 Universal Lending Corporation

John Smith License#: 100051963 NMLS#: 1119930
Regulated by the Division of Real Estate.
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