Closing Costs Calculator Helps Buyers Take Advantage of 2007 Market

Share Article

Prospective homebuyers wanting to take advantage of the current 2007 buyers market can benefit from two new resources offered by An online mortgage closing cost calculator and articles about mortgage closing costs can help people estimate and better understand closing costs. "Closing Costs 101: What You'll Pay for and Why" clarifies these costs and discusses property valuation, warranties, and other important topics.

With negative home sales in the first part of 2007 expected to fuel the current buyer's market, buyers can benefit from two new ( resources.'s closing costs calculator helps break down closing costs into lenders' fees, document preparation fees, and other components that make up closing costs. Articles such as "Closing Costs 101: What You'll Pay for and Why" and other helpful mortgage tools can be found on, a complete source of mortgage loan tools and lenders (

Lawrence Yun, a senior forecast economist writing for, predicts that home sales will continue to be negative the first half of 2007 -- a definite advantage to prospective buyers. Yun adds, "By the late spring of 2007, the media will likely begin reporting positive 'uplifting' trends. Statistical momentum says that will inevitably happen. Many potential buyers at that point will regain the confidence to enter the market. Some smarter buyers will see the herd of impending buyers over the horizon and will want to get a jump start."

Francine L. Huff, author of "The 25-Day Money Makeover for Women," emphasizes how important a good calculator can be, "Potential homeowners at the beginning of their house hunt can make a better estimate of how much house they can afford by using mortgage calculators before choosing a loan officer. Being equipped with this knowledge can help people make a better decision when choosing a mortgage product."

In addition to estimating closing costs using calculators, new homebuyers researching closing costs should also read up on costs and fees associated with purchasing a home. "Closing Costs 101: What You'll Pay for and Why," on is one such online resource (

Along with the closing costs calculator, ( offers calculators for:

  •     Affordability
  •     Mortgage refinancing
  •     Mortgage payment
  •     Interest-only loans
  •     Savings
  •     APR is a complete source of mortgage loan tools and resources, including calculators and a mortgage glossary. Visitors can find answers to the most common loan questions, download a loan application, or find lenders in their area.


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Visit website