Spirit of St. Louis – Pick Your Charity, Pick Your Car

Groundwork Mortgage president clears up confusion on home closing costs

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

ST. LOUIS, MO (KTVI) – According to a recent report filed by Mortgage Experts, 17 percent of consumers are not aware of the closing costs in terms of buying a home. Another 35 percent end up shocked by how much they are actually paying at the close.

Mortgage companies created the program “Know Before You Owe,” which contains forms designed to help home buyers understand the costs of a mortgage loan and the house closing costs.

Groundwork Mortgage President Jeff Berger joins us for more information on this program and mortgage closing costs.