How to Lower Closing Costs: A Guide for Home Buyers

How to Lower Closing Costs: A Guide for Home Buyers

iStock/venuestock If you’re buying a house, you might wonder how to lower your closing costs—a daunting list of fees that accompany a home purchase. On average, typical closing costs can total anywhere from 2% to 7% of a home’s purchase price. So on a $250,000 home,...
What Is an APR? Annual Percentage Rate, Explained

What Is an APR? Annual Percentage Rate, Explained

pawel.gaul/iStock What is an APR? The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when you get a mortgage from a lender to buy a home. APR can also be considered the total cost for a debt over a one-year period. The “and other...
Real Estate Agent Fees: Who Pays the Bill?

Real Estate Agent Fees: Who Pays the Bill?

sasun1990/iStock Real estate agent fees are how most agents are paid for the homes they sell. This commission can vary from state to state and among brokerages. But in real estate, who is responsible for paying commission—the buyer or the seller? Who pays the...
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