4 Ways to reduce Closing Costs when buying a Home in Stockton There are certain mortgage expenses that the homebuyer is responsible for, one of which is closing costs. However, in some cases, closing costs are at the lender’s or seller’s discretion and can be negotiated if both parties agree. However, you can reduce your closing costs in one of the 4 following ways: • Ask the seller to pay all or at least some of the closing costs – if it’s a buyer’s market and the seller is anxious to finish the transaction, they may be willing to pay all or some of the closing costs. • Close at the EOM – interest on a home loan begins to accrue from the closing date to the end of the month (EOM) and will need to be paid at closing time, the later you schedule the closing date, the less will have to be prepaid on the first. • Purchase mortgage points – this will increase your closing costs initially. However, it will lower your interest rate and your monthly mortgage payments. • Shop other lenders – once you’ve received an estimate of your closing costs, talk to other lenders to see if there are better deals available. To learn more about saving on closing costs, speak with a lender or mortgage broker. H.O.M.E. Lending 1919 Grand Canal Blvd A6, Stockton, CA 95207 Hours: Monday-Friday 8am-6pm Saturday-Sunday: Saturday-Sunday:CLOSED https://www.google.com/maps?cid=4791781880556229538 https://local.google.com/place?id=4791781880556229538&use=posts&lpsid=4215584018157865145