Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees may be split between the buyer and the seller, as spelled out in the sales contract. In some instances closing costs may be included in your financing depeneding upon your sales contract and the lender.

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.

The list below is en expample of possible closing cost that may or may not be included on your loan.

Possible Closing Costs

Loan-Related Costs

  • Broker Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account
  • Processing Fee

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 


Countryside Home Loans 3208 Teakwood Ln Suite 105 Edmond, OK 73013-3709
Phone: Cell: Fax:

My Blog

Copyright © 2010 Countryside Home Loans
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map