Metairie and New Orleans Closing Costs: What Every Home Buyer Should Know
By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
View Homes For Sale in MetairieView Homes For Sale in New Orleans Even before you are presented with the sheaf of paperwork that accompanies the signing of your first mortgage, if you are a Metairie or New Orleans first-time home buyer, you will have already learned about closing costs—the fees and charges that pay for various parts of creating the mortgage loan. Included in closing costs are sums that can vary from inconsequential (chump change) to head-turners (“whaaaat th-?”). You’ll want to be prepared in advance for what the line items cover. That’s where the “Good Faith Estimate” comes in. It’s a detailed document that is issued in advance; it’s a heads-up that estimates closing costs you’ll pay when you buy your new Metairie or New Orleans home. The GFE varies considerably from o...
Comments
0