23 Jul 2011

Is it Possible That Real Estate News Articles Tell Only Half the Story? On Thursday, July 21,  2011 on the front page of the Business Section of the Star Ledger, the following real estate news related article was labeled: “Of Interest: Closing costs increase as housing slump continues” Here is the link to this article on NJ.com. The first sentence of the article quoted a Bankrate survey...

19 Jan 2011

As discussed in a previous post, How the Closing Date Affects Closing Costs for Home Buyers(pro-rated interest adjustments), there are other considerations in addition to the costs associated with the closing date of a real estate purchase when planning the closing date. Yes, convenience is important! Working around a work schedule or vacation time is important. Coordinating a current l...

14 Jan 2011

 Understanding How the Actual Closing Date on a Home Purchase Can Affect a Buyer's Closing Costs! Yes, there is an often overlooked cost related to the mortgage in closing on a home purchase! And that is the interest rate adjustment from the day of the closing to the last day of the month. Let me clarify first. There is a difference in paying rent to a landlord as compared to paying the ...