
FINANCING

TRUSTED LENDERS
To go more in-depth about all things home financing I recommend reaching out to one of my trusted lenders. They’ll be able to talk about terms, credit scores, and what might make sense for your current financial situation regarding the purchase of your next home.
COMMON LENDING TERMS
Down Payments
0 to 20% of the purchase price depending on your qualifications and your loan choice.
Earnest Money Deposit
The money put down when a contract is written - it usually goes into an escrow account. Usually 1% of sale price.
Lender Fees
Includes charges for loan processing, underwriting and preparation.
Third-party Fees
Includes charges for insurance, title insurance, title search, appraisal fees and other inspections.
Government Fees
Includes deed recording and state mortgage taxes.
Escrow & Interest Fees
Include homeowner's insurance, loan interest, real estate taxes, home warranties and prepaid interest.
Property Taxes
Capital tax based on the estimated value of the property.

GET IN TOUCH
Laura Lee Berger
LLBerger@cbburnet.com | 952.212.8568
17305 Cedar Avenue S. #100 Lakeville, MN 55044