Real Estate Information Archive


Displaying blog entries 1-3 of 3

What are closing costs?

by Blake Hanna

In addition to the down payment and amount you are financing for the purchase of your home, there are also closing costs.


Closing costs are miscellaneous fees that are charged to you by the people involved with the sale of the house. These people typically include the lender and title company.


Closing costs will not be a surprise to you at the closing. Your lender will give you a Good Faith Estimate or GFE, which gives a rough estimate of what your closing costs will comprise of and the total.


Closing costs on average run about 2-5% the costs of the house.


Closing costs can include lender origination fees, discount points, private mortgage insurance, initial interest, lender's title insurance, property taxes, appraisal, attorney fees, title search fees, title insurance and recording fees.  

Blake Hanna, Realtor


[email protected]

Mortgage Loan Options

by Blake Hanna

This will briefly go over what is required for the loan types as well as why a buyer chooses each one.


Coventional Loan

  • Requires a 20% down payment
  • Fixed Rate - Your interest rate stays the same for the life of the loan
  • Avoids PMI(private mortgage insurance-annual premium paid monthly)
  • Requires 3.5% down payment
  • Requires PMI
  • Lower down payment and lower credit score required
  • No down payment required
  • Eligible applicants are veterans, active duty personnel, reservists/National Guard Members.
  • No PMI
  • Right to prepay without penatly
  • No down payment required
  • Some limits on income
  • Eligible for designated rural areas. 

Think You Can't Afford To Buy a Home???

by Blake Hanna

Think you can't afford to buy a home?

Do you have good credit but only a little cash?

Don't Give Up!!!!!!!


Are you familiar with the Rural Development loans with 100% financing?  Did you know they have expanded the areas they cover and it now includes much of Baton Rouge? 

I'd like to tell you all about it. Call me for a free buyer consulation to learn more. It's free!

Blake Hanna, Realtor


[email protected]

Displaying blog entries 1-3 of 3




Share This Page

Contact Information

Photo of Pat Wattam Real Estate
Pat Wattam
RE/MAX First, Independently Owned and Operated
4750 Sherwood Common
Baton Rouge LA 70816
Office Direct: 225-298-6900
Office Main: 225-291-1234
Fax: 225-295-1234

RE/MAX First
Each Office Independently Owned and Operated
Main: 225-291-1234

Licensed by the Louisiana Real Estate Commission