By MetroList.com on
As a homebuyer, it’s easy to get caught up in the excitement of making plans for your new home. You have accounted for the mortgage payments, thought about décor and color schemes, and planned where every piece of furniture will go. But, there are still some very important transaction details you may have overlooked, such as the countless transaction fees charged to buyers, known as Closing Costs. These costs can add up quickly and catch you by surprise. Therefore, it is imperative to understand what each fee covers, how you can reduce or eliminate these fees, and how much you may need to pay. Closing costs are unavoidable when buying (or refinancing) a home. However, understanding what these costs cover, ensuring you’re getting the best rates, and budgeting for them will make for a smoother closing process.