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

 


CNS Mortgage, LLC - MA Mortgage Broker, RI Mortgage Broker, & CT Mortgage Broker

CNS Mortgage, LLC
 

            4331 Acushnet Ave         24 Bosworth Street #3                 
     New Bedford, MA 02745      Barrington, RI 02806     
  508-992-5251                       401-289-2277                     

Proudly serving all communities of
Massachusetts, Rhode Island, Connecticut & New Hampshire

MA Mortgage Broker Lic.#MB2599    RI Broker License # 20011271LB

CT 1st Mortgage Broker Lic. No. 18166   CT 2nd Mortgage Broker Lic. No. 18171

Licensed by the New Hampshire Banking Department


Equal Housing Opportunity


CNS Mortgage, LLC

ABOUT CNS | Privacy Policy | Tell a Friend | HOME | Site Map | Customer Login

Copyright © 2008 CNS Mortgage, LLC
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map