Buying a home in 2014? It'll cost you more

[ArkRescue]

"WASHINGTON - If you have plans to buy a house in 2014, some new fees on the settlement sheet may surprise you.

Those fees come down to two things: down payment and credit score. The more, the better in both cases.

Steven Cohen of First Place Bank in Rockville, Md. says fees will rise sharply for those who put down less than 20 percent and for anyone with a credit score lower than 760. And that may have you looking for a cheaper house than you thought, says Cohen. "

Buying a home in 2014? It'll cost you more - WTOP.com

 

[DEEKAYPEE8569]

"WASHINGTON - If you have plans to buy a house in 2014, some new fees on the settlement sheet may surprise you.

Those fees come down to two things: down payment and credit score. The more, the better in both cases.

Steven Cohen of First Place Bank in Rockville, Md. says fees will rise sharply for those who put down less than 20 percent and for anyone with a credit score lower than 760. And that may have you looking for a cheaper house than you thought, says Cohen. "

Buying a home in 2014? It'll cost you more - WTOP.com

This shouldn't be a shock to anyone.

 

[mamatutu]

This shouldn't be a shock to anyone.

Hey, DKP, long time, no post! My husband is in the mortgage business. Last year and the first half of this year were booming for him, but business has been on a steady decline the last half of this year.