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


Mortgage Services 6235 Mid Rivers Mall Drive Saint Charles, MO 63304
Phone: Cell: Fax:

Why Title Insurance? | Why an inspection? | Contact Us | Your FICO score | Closing Costs | News | Real Estate Glossary | Home | Loan App Checklist | Bi-Weekly Mortgage | Mortgage Saving Tips | Your Down Payment | The Loan Process | Get Your Loan Faster! | Fixed Vs. Adjustable | Improve Your Credit Score | Should you buy points? | Getting Qualified | What is a credit score? | Rate Lock Periods | Getting an Appraisal | Bi-weekly Pmt Calc | Fixed Rate Mtg Calc | 15 vs 30 Year Mtg Calc | Rent vs Buy Calc | Refi Interest Savings Calc | Mortgage Calculators | Interest Only Calc | What is PMI? | Gifts as downpayment | Mistakes on Your Report | Need a Bridge Loan? | VA Loans | Government Loan Programs | Buyer Don'ts | How Much You Can Afford | Are You Pre-Approved? | 100% Financing | Mortgage Tuneup

Copyright © 2008 Mortgage Services
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Terms of UseSite Map