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Snydrsgrl, Home Buyer in Fort George G Meade,...

If you have a cash buyer, are the closing costs less?

Asked by Snydrsgrl, Fort George G Meade, MD Thu May 24, 2012

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Yes, the only charges would be prorated taxes for the seller at this time, fees for title insurance, fees for escrow, tax certificates, HOA certicates (if any), homeowners insurance cost to buyer and recording fees, plus the cost of preparation of a warranty deed. I think that should be about it... but Maryland may have additional costs.... contact a title company to get an estimate

Lenders have additional costs such as points, origination fees, tax and insurance escrow, loan documentation preparation and other junk fees.
0 votes Thank Flag Link Fri May 25, 2012
Yes.... Loans have costs.
Transferring title has costs too..... But with no loan, less costs.


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0 votes Thank Flag Link Thu May 24, 2012
Somewhat. There is no cost associated with a mortgage: no preparation of the mortgage, no mortgage recording tax.
0 votes Thank Flag Link Thu May 24, 2012
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