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Down Payment and Closing Cost
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Hey there future homeowners! 🌟 Let's demystify two terms you'll encounter when buying a property:
🔑 Down Payment: This is the initial upfront portion you pay for your home. Think of it as your investment in your future property. Typically, it ranges from 3% to 20% of the purchase price, depending on your loan type.
💼 Closing Costs: Beyond the price of your new home, there are additional costs involved in finalizing your mortgage. These can include title searches, lender fees, appraisals, and more. On average, they range from 2% to 5% of the loan amount.
Remember, the path to homeownership can be smoother with the right guidance! Reach out and let's find the best mortgage options for you. 📞✉️
#HomeBuyingMadeSimple #YourMortgagePartner #ReachOutToday
🔑 Down Payment: This is the initial upfront portion you pay for your home. Think of it as your investment in your future property. Typically, it ranges from 3% to 20% of the purchase price, depending on your loan type.
💼 Closing Costs: Beyond the price of your new home, there are additional costs involved in finalizing your mortgage. These can include title searches, lender fees, appraisals, and more. On average, they range from 2% to 5% of the loan amount.
Remember, the path to homeownership can be smoother with the right guidance! Reach out and let's find the best mortgage options for you. 📞✉️
#HomeBuyingMadeSimple #YourMortgagePartner #ReachOutToday
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