November 2017

There are 3 blog entries for November 2017.

 

 

WHEN YOUR CREDIT CHANGES


It's a combination car, pickup
truck and SUV. You really want it. The features are
great, the style is the latest, and it's affordable after
the down payment, the cost
is only $300 a month.
"Would you buy this car today if I can include the genuine wood grain, rubberized
side moldings?" asks the salesman.
Before emitting a strong "yes", stop and consider what's about to happen. You will
be increasing your debt load and monthly payments, things which make mortgage
lenders edgy. If you want to buy a home in the coming months, you need to
carefully consider your financial choices.
The issue here is not cars. If you need a car for safe travel, then safety comes first.
But if you merely want a new car or
superduper
music system, an

3,514 Views, 0 Comments.


Seller’s Estimated Closing Costs (N.E. Florida):


Documentary Stamps on the Deed:

This is a State tax equal to .007 of the sales price. For example, if the sales price is $200,000, then the doc stamps on the deed is $1400.

Owner’s Title Insurance:

This is a policy of protection against a loss in a claim against your ownership. The cost of this insurance is .005375 of the sales price on homes over $100,000.

Settlement Fee/Attorney Closing Fee:

This is the fee the title company or the attorney will charge to close the transaction and account for all funds. Estimate $250 to $500.

Satisfaction of Mortgage Recording Fee:

Paid to the county. Estimate $10 per page.

Real Estate

731 Views, 0 Comments.


Buyer's Estimated Closing Costs (N.E. Florida)


Appraisal Fee:

To substantiate the value of the property, the bank will require an appraisal by a licensed appraiser. The fee for this service will vary according to the type of property and the appraiser’s fee structure. Estimate $250 to $500.

Home Inspection:

Typically, the bank requires a copy of the inspection report. The fee can range from $300 to $500 depending on the inspection company and the size of the house. This is usually paid at time of inspection.

Wood Destroying Organism (WDO) Inspection:

The bank will also require a copy of this inspection. The inspector is looking for any damage to the wood in the house caused by insects or water

344 Views, 0 Comments.