The other day I shared about the closings costs and several states that were very high. Sometimes people are not realistically prepared for the closing costs once they hear that final number. Is there a way to reduce your closing costs? You never know until you ask. Ask what fees are for loan origination and what are third-party fees? I would imagine that appraisal fees come in the loan origination. Here is something I wish I had known and maybe it happened without my knowing. If the lender charges an application fee, ask if it will be credited towards your closing costs. Remember, every little bit helps. Of course, there are going to be some fees that are non-negotiable such as taxes and recording fees. You know you cannot reduce the amount of money from the government. It is always best that you have the different fees explained to you.
