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

 


LONE STAR HOME & LOAN 2625 Austin Ave. Brownwood, TX 76801
Cell: Fax:

Why Title Insurance? | Why an inspection? | Why Choose Lone Star | Staff Profiles | Contact Us | Curb Appeal List | Setting the Sales Price | Closing costs - loans | Closing costs - Ins. | Get the Highest Price | Selling your own home | Free Home Valuation | Find A Home! | GET PRE-APPROVED!! | Closing Costs | First Time Buyers | Get Pre-qualified | Inspection Tips | Home Buyer Checklist | For Buyers | Tell a Friend | Real Estate Glossary | OUR LISTINGS | Selling Your Home | Home | Applying for a Loan | Mortgage Saving Tips | Your Down Payment | Your Buying Power | Loan Programs | Staying Approved | Creative Financing | Search Homes/Land | 9 Steps to Owning | Seller Paid Closing | Property management | Reasons homes don't sell | Buying Foreclosures/REO's | What's Earnest Money? | Should you paint? | Homeowner Warranties | Plumbing and Fixtures | The Kitchen | Role of the MLS | Flowers Add Curb Appeal! | Ethics in Real Estate | Improvements That Pay | Selling One, Buying Another

Copyright © 2010 LONE STAR HOME & LOAN
Portions Copyright © 2010 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.