Closing Costs
There are
certain standard costs associated
with closing the sale of a house.
These fees are split between the
buyer and the seller, as spelled out
in the sales contract.
As I
negotiate the sales contract for
you, I will not only work to get the
sales price you want, I will also
work to limit the number of closing
costs for which you will be
responsible.
I will walk
you through the closing costs,
answering any questions you may have
explaining which costs are decreed
by law to be yours and which are
negotiable.
Good Faith
Estimate
Buyers
will receive a "Good Faith Estimate"
of closing costs at the time the
loan application is submitted to the
lender. The estimate is based on the
loan officer's past experience and
may not include all the closing
costs. I will be glad to review the
"Good Faith Estimate," answering
questions and highlighting missing
costs and estimates I believe to be
low.
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Standard Closing
Costs
-
Loan Origination Fee
-
Points (optional)
-
Appraisal Fee
-
Credit Report
-
Interest Payment
-
Escrow Account
Taxes
-
Property Taxes
-
Transfer Taxes and
Recording Fees
Insurance
-
Homeowners Insurance
-
Flood or Quake
Insurance
-
Private Mortgage
Insurance (PMI)
-
Title Insurance
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