|
|
|
|
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
|
|
|
|
FIRST MORTGAGE CORPORATION
NMLS # 106654
19831 Governors Highway Flossmoor, IL 60422 (708) 957-2020 Fax (708) 957-6697
257 Springfield Avenue Joliet, IL 60435 (815) 744-2111 Fax (815) 744-2122
1467 W Joliet Street (US Highway 30) Dyer, IN 46311 (219) 865-0505 Fax (219) 864-1481
An Illinois Residential Mortgage Licensee. Equal Housing Lender
Illinios License # MB.0000302
Indiana State License # 10921
Michigan Residential Mortgage License # FL0014325
IL Dept. of Financial and Professional Regulation
122 South Michigan Avenue, Suite 900
Chicago, IL 60603
312-793-3000
Copyright © 2012 The First Mortgage Corporation Portions Copyright © 2012 a la mode, inc. Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
|