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.

 

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

 

* MOL = More or Less

Call KAREN SMITH for all your real estate
needs!  Call 817-282-1103 today.

425 E. SOUTHLAKE BLVD. SOUTHLAKE, TX 76092
Phone: Fax:

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