Paying 6% in closing costs questioned

Q: Do you think that paying a lender 6 percent in closing costs on a $260,000 house is reasonable?

A: I have a question for you: Why are you paying 6 percent to your lender in closing costs?

When it comes to buying a home, you may have quite a number of fees associated with your closing. You need to determine which fees are associated with your lender and which fees are associated with buying the home. Then you can review the fees to see if you are paying too much.

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