The national average total closing costs for a purchase mortgage transaction were $2,403. This amount consists of a national average of 0.72% of the home sales price.
This one’s all about keeping creativity alive, even and especially when the market is uncertain. LodeStar’s Director of Revenue, Alayna Gardner, chats with Marketing Content Manager Tim Austen to discuss creativity, and how to invest in it—no matter what’s happening in the industry.
Horace confronts the uncertainty of the present market…
Things have been so bleak for so long, Horace doesn’t know what to do with himself.
The site of the famous Mount Rushmore, South Dakota is home to numerous rivers and glacial lakes, giving it more miles of shoreline than even Florida.
LodeStar’s own Jim Paolino chats with ACUMA President, Peter Benjamin, CMB, about the credit union movement, the American dream of homeownership, and the importance of community engagement.
With regard to LE challenges, the state is fairly straight-forward. In Wisconsin, recording fees are uniform statewide.
Horace invests in another fax machine for the office.
Recording fees in Indiana are generally flat, with the exception of Marion County, where they are marginally higher. Although there are no traditional transfer taxes levied in Indiana, there is an “auditor’s transfer fee” and “sales disclosure tax.”
Alayna chats with longtime LodeStar friend, John Hardesty, General Manager-Mortgage Division at Argyle, about the borrower experience, the importance of education, and how technology moves the industry forward.
Utah is home to a flat, statewide recording fee. The state of Utah has no transfer or mortgage taxes. In Utah, title insurance rates are uniform statewide.
Ever wonder where we got the idea to publish a weekly comic strip for the mortgage industry? Read the story of “A Tale of Two Mortgages.”