Virtual Seminar: Closing Costs and what to Expect

 

You are ready to close on your new home, but now what? Let’s break down closing costs and some of the terminology used in the Mortgage industry. Co-hosted by Michigan First Mortgage’s Chief Mortgage Lending Officer Dan Sugg and Michigan First’s Money Mentor Allyssa Kinzel, our panel of experts will review everything you need to know before showing up to the closing table.

Topics of discussion may include, but are not limited to:

• What is included in your closing costs and who pays them?

• Closing disclosures

• Typically, 3 – 6 % of mortgage

• What is Escrow?

• PMI and what it means for your payments