How To Lower Closing Cost

Dated: 05/16/2019

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How To Lower Closing Costs 


Closing costs help facilitate the sale of a home and both buyers and sellers pitch in. Some closing costs can be paid before the home is officially sold and others are paid at the end.
However, closing costs aren’t set into stone and they can be negotiable. You can ask your real estate agent or lender with help in estimating your actual closing costs. Look over everything to make sure all the numbers are right then you plan accordingly in how you’re going to lower them. 

Loyalty Programs 

Some banks offer assistance to buyers when they use them to help pay for the purchase. It’s a way for a bank to reward loyal customers.

Closing at the End of the Month 

Schedule your closing at the end of the month so you don’t have to pay per diem interest for so many days. 

Get Multiple Quotes 

Get estimates from different lenders because you’re looking for the best package of closing costs and interest rates. There might be something better out there.

Junk Fees 

There may be some fees a lender charges that may be negotiable, such origination fee, processing fee, or application fee. Make sure to ask if that you are being quoted is the best they can offer. 

Title Costs 

Sometimes title insurance and settlement are bundled together. You may be able to find a title and settlement company that is less expensive.

Negotiate With the Seller

You can try to negotiate with the seller in paying for some of your closing costs. Buyers can ask for credit or to cover lender expenses during the offer and negotiation process.

For more information or to set aside some time to discuss, don't hesitate and contact me, Your South Florida Agent! 
Mirtha Guzman PA
Realtor® ABR® MRP®
AmeriFirst Realty 
Direct Office #786-245-7455
www.YourSouthFloridaAgent.com 


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