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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.
Your Realtor works to negotiate the sales contract for you; I will work with your Realtor to limit the number of closing costs for which you will be responsible. You just need to have them contact me.
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.
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Standard Closing Costs
Loan-Related Costs
- Loan Origination Fee (points-optional)
- Loan Discount Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Lenders Fees
- Brokers Fees (make sure to clarify)
Taxes & Government Fees
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance
- Homeowners Insurance
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
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Please let me explain how the Good Faith Estimate works. Fill out the form below and I will contact you shortly.
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