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Closing Costs
There are certain standard costs associated with closing the sale of a house. These fees are paid by either the buyer or seller, as spelled out in the sales contract.
As you or your Realtor negotiate the sales contract, I will work equally as hard to limit the number of closing costs for which you will be responsible and provide the estamated fees to you or your realtor in advance, so the best possible contract can be negotiated for you.
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 estimated fees that may change based on loan amount or insurance and tax rates.
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Standard Closing Costs
Loan-Related Costs
- Loan Origination Fee
- Closing Attorney
- 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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