closing costs Archives - Chris Jordan Mortgage Team

Homebuyers reviewing paperwork and costs for buying a house Title:

How Much Money Do I Need to Buy a House in Maryland, DC or Virginia?

August 26, 2026 Christopher Jordan

One of the biggest questions homebuyers have is, “How much money do I actually need to buy a house?” The answer is not simply your down payment. Depending on the mortgage program and property, you may also need money for closing costs, prepaid taxes and…

Homebuyer reviewing documents at a real estate closing

Closing Costs Education Escrows Mortgage 101 Total Cash Required

Closing Costs, Escrows and Prepaid Expenses Explained

Last updated: September 1, 2026 CJMT

When buying or refinancing a home, borrowers often hear the terms closing costs, escrows and prepaid expenses used together. Although all three can affect the amount of money needed at settlement, they are not the same thing. Understanding the difference can make your Loan Estimate…

Homebuyer receiving keys after purchasing a home

Education Home Buyer Tips Mortgage 101 Mortgage Planning Total Cash Required

Seller Credits vs. Lender Credits: What Homebuyers Should Know

Last updated: September 1, 2026 CJMT

Seller credits and lender credits can both reduce the amount of money a homebuyer needs at closing, but they work in very different ways. Understanding the difference can be especially important when comparing mortgage options or negotiating a purchase contract. A properly structured credit can…