Average Tennessee Closing Costs Going Up

September 16, 2009 by admin · View Comments 

Bankrate.com recently conducted its annual national survey of average origination, title, and closing costs, for a representative $200,000 loan, assuming a 20 percent down payment and good credit. Nationwide, the average origination and title fees on a $200,000 mortgage this year totaled $2,732, according to Bankrate’s annual survey of closing costs. The fees in the [...]

Financing the Encore Condos for Self-Employed Buyers

April 12, 2008 by admin · View Comments 

For self-employed borrowers, SunTrust has an option that will help meet the need to obtain financing without having to go full documentation in The Encore. I would like to introduce the No Income Verification option. Below are some of the benefits and features of this product: – Eliminates verification of income- Shorter processing time This [...]

Encore Closing and Leasing FAQs

April 4, 2008 by admin · View Comments 

I spoke with Ashley Dugger at the sales center today to ask her a few questions regarding Encore closings, leasing, etc and here are the answers: Q: Will the developer allow us to move our closing date back to our original contracted closing date?A: If the buyer is having trouble obtaining financing they need to [...]

Condo Financing for The Encore Building in Nashville

February 25, 2008 by admin · View Comments 

Dear Mr. Grant Hammond, We here at SunTrust Mortgage sincerely appreciate the opportunity to work with your “Preferred clients” with the financing of the Encore condominiums in Downtown Nashville. As a token of our appreciation, we will go above and beyond the rest of the financing options by offering an exclusive arrangement for your clients. [...]

The Costs of Closing Real Estate in Tennessee

November 12, 2005 by admin · View Comments 

A comprehensive study of closing costs nationwide, sponsored by Bankrate, shows Tennessee’s average costs are below average. Tennessee currently ranks 42nd in the nation …and, in this study, the lower our ranking the better! Average closing costs for a home involving a $180,000 loan for Tennessee totaled $2,459. The national average is $2,748. The biggest [...]

How Much Does It Really Cost to Buy a Home?

July 3, 2005 by admin · View Comments 

Well, that depends on a number of factors, including the cost of the house and the type of home loan you get. In general, you need to come up with enough money to cover three costs: the deposit you make on the home when you submit your offer – known as earnest money; the down [...]