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Closing costs you should expect

There are certain ordinary costs linked to closing the sale of a house. These fees are usually divided between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Florida to help guide you through the deal.

 


Costs pertaining to your loan to be paid at closing 
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes commonly paid at closing   

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due   

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance


Buyers: If you're buying real estate in Florida, you'll be given a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within an appropriate range so you're not stunned when you show up at closing time. I'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that seem off.

 

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