Educate yourself to cut closing costs
June 26th, 2009 by dwisuryantoTo make sure you don’t overpay when buying a house, keep in mind that an economical closing begins with a good opening: start preparing early in the house hunt.
Alan Stacy, housing counselor with Consumer Credit Counseling Service of Greater Atlanta, says a dream applicant has her financial paperwork close at hand; boasts a minimum credit score of 720 for a conventional mortgage or 620 for an FHA loan; and has educated herself, perhaps on the Internet, about how mortgages work.