According to a survey by Bankrate Inc., Georgia and Tennessee rank below the national average when it comes to closing costs. Tennessee is the 35th most expensive state with an average of $3,817, and Georgia trails it at 36th with an average of $3,796. I know this comes as a shock, but the Empire State came in as the priciest place to get a mortgage. New Yorkers pay an average of $6,183 when they close on a mortgage loan. Ouch!
Great advice, even in 1995.
Buying your first home is a big step, to say the least. Just because you’re new to the process doesn’t mean you should allow yourself to make rookie mistakes. Take some advice from Smart Money’s ‘List of 10 Mistakes Home Buyers Tend to Make’ and you’ll be smiling like these guys. Minus the cheese factor, of course.