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

 


Betty Pomery / Team Pomeroy 5252 Sunrise Blvd. Ste 6 Fair Oaks, CA 95628
Phone: Toll Free Phone: Fax:

Team Profiles | Contact Us | Curb Appeal List | Lead in the Home | Getting the Highest Price | Free Home Valuation | Find A Home! | How Escrow Works | Emergency Contacts | Trans Union Credit Report | Experian Credit Report | Equifax Credit Report | US Gov Official Site | US Geological Survey | Closing Costs | Get Pre-qualified | Inspection Tips | Real Estate Glossary | Our Homes | Home | Loan Application Checklist | Your Downpayment | Housing Finance Agencies | Living Trusts | Lender Types | Staging Checklist | Creative Financing | 9 Steps to Owning | Mold in the Home | Site Map | Fixed Rate Mtg Calc | Mortgage Points Calc | Required Income Calc | Mortgage Payoff Calc | Mortgage Calculators | 9 Steps to Ownership

Copyright © 2008 Betty Pomery / Team Pomeroy
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.