Closing Costs Low in Maryland

Frank Storch pleased at good housing news

Good news for Baltimoreans, including businessman Frank Storch. A new study has found that Maryland ranks sixth in the United States for the lowest cost of closing on a home. Bankrate.com reports that the average closing cost comes to $2,404 on a $200,000 home in Maryland. The national average is $2,539.

Washington, DC comes out in fifth place, narrowly beating Maryland by only $2. Nevada however, has the lowest closing costs in the country, averaging in it $2,265. Texas, on the other hand has the most expensive price for closing on a house: $3,046 on a $200,000 mortgage.

The country’s average of $2,539 represents a 6% rise in closing costs since last year, caused in part by a 9% increase in origination fees.

Improve Business Strategy: Give It Back

According to Celeste Amato, president of the Association of Baltimore Grantmakers, when companies make charitable contributions, they are not only helping the recipients of the largesse, but helping themselves as well.

Maryland businesses play a crucial role in the quality of life of the state. They provide jobs, economic stability, and support worthy charities, projects and programs that improve the community. Owners of businesses throughout Maryland say that corporate giving programs is a rewarding endeavor to everyone connected to their business.

According to studies, healthy, engaged communities have a strong network of educational and charitable organizations. Business leaders, like Frank Storch, know that maintaining a high quality of life helps to maintain a strong and healthy business environment.