Is there a cost to paperwork when getting a loan and buying a home?
If there is, does the buy pay for this or does the real estate agent handle this cost? I read mixed things so I am a bit confused.
There may be fees for the forms, but I can't imagine it would cost a lot. From what I remember, I believe they do charge sometimes, but I think it may be based on the property price. Though I could be wrong on this.
If there are any charges, it will be included in the final cost of the home. They don't charge separately for this. It is no different when buying a car. You pay fees for paperwork but you'd never know it because it is included in the final cost.
The bank will deduct it from the final profit. Usually the home buyer is the one covering the cost but this depends on where you live and what codes are in place.
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Yes but I think the real estate agent should be the one to handle that. Your closing company is required by law to keep a record of your closing documents, so that's a good fallback in case you misplace yours. Still, it's smart for you to keep important documents on hand—particularly if, later on, you need to file a claim against the seller or your professional representation team (i.e., your real estate agent, home inspector, or mortgage lender). Hopefully, that doesn’t happen, but it’s wise to be prepared.
Not sure. But you must keep in mind that not all of fees will always apply and may vary from state to state. Some may be waived or paid for by the lender or home seller. Regardless, you must understand what the fees are and who is responsible for paying them.