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.

I will walk you through the closing costs, answering any questions you may have. 

Good Faith Estimate

Buyers will receive a “Good Faith Estimate” of closing costs at the time the loan application is submitted.  The estimate is based on the loan officer’s past experience.  I will be glad to review the “Good Faith Estimate,” answering questions

Standard Closing Costs

            Loan-Related Cost 

·         Loan Origination Fee

·         Points (optional)

·         Appraisal fee

·         Credit Report

·         Interest Payment

·         Escrow Account

·         Abstract Continuation

·         Attorney’s Fees

Taxes

·         Property Taxes

·         Transfer Taxes and Recording Fees

Insurance

·         Homeowners Insurance

·         Flood or Quake Insurance

·         Private Mortgage Insurance (PMI)

·         Title Insurance