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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 Karen negotiates the sales contract for you, she will not only work to get the sales price you want, she will also work to limit the number of closing costs for which you will be responsible.
Karen will walk you through the closing costs, answering any questions you may have explaining which costs are required 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 is only an estimate. Karen will be glad to review the "Good Faith Estimate," with you and answer your questions and give you her estimate too.
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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 Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
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