Closing Assistance Can Be the Difference Between Buying and Renting
By Ron Trzcinski, 410-935-5844
(410-935-5844 Office)
Closing Assistance Can Be the Difference Between Buying and Renting A young client was considering renting. For the neighborhood that he was considering, I knew that the price to purchase a home would yield a mortgage payment that was about the same as renting and probably lower. He was interested in buying, but was thinking that he did not have enough money for the down payment and closing costs. He did not know what these numbers were; he just had horrible visions of dollar signs floating around in his head. His concerns could have been true, if it were not for the many sources of money to help a buyer with the closing costs and down payment. For a house that he would like to purchase, the closing costs and down payment were nearly $23,000, which is much more than he had available. We...
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