Be sure to consider closing costs when purchasing your home in Lynchburg Va

The closing is the process during which ownership of the house is transferred to you. 

Closing costs generally range from 3% to 6% of the amount of the mortgage. 

For example, if you were to buy a house for $100,000 with a 5% down payment of  $5,000, you could expect to pay between $2,850 and $5,700 on your $95,000 mortgage.

Sometimes you can negotiate with the seller of a property to pay some of your closing costs, which will reduce the amount of money you will need to bring to closing.