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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.
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.
Standard Closing Costs
Loan-Related 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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Chip Lake
Home Hero Mortgage Advisor
SC 843.216.9962
SC Fax 843.216.9964 "We make no reps or warranties express or implied as to functionality or fitness for particular use".
ChipLake.com is an Equal Housing Lender. We conduct business in accordance with the Federal Fair Housing Act and the Equal Credit Opportunity Act. It is our corporate policy to ensure that in each of our residential real estate finance transactions, no person is discriminated on the basis of their race or color national origin, religion, gender, marital and familial status, handicap, or age."
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