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What Are Closing Costs?

Closing costs are the fees and expenses you pay at the end of the home-buying process to finalize your purchase. They typically cover services such as loan origination, property taxes, title insurance, and more. Understanding these costs is essential for planning your budget and avoiding surprises.

Closing Costs

Common Closing Costs You May Encounter

Understand potential closing costs, including appraisal fees, title insurance, loan origination, escrow deposits, and recording charges.

Loan Origination Fees

Charged by your lender for processing your mortgage application and setting up your loan.

Appraisal Fees

Covers the professional evaluation of your property’s market value to ensure it aligns with the loan amount.

Title Insurance

Protects you and the lender from potential legal issues with the property’s title.

Escrow Fees

Paid to the escrow company for managing the transaction and ensuring funds are distributed appropriately.

Property Taxes

Covers a portion of the annual taxes on your new home, typically prorated at closing.

Homeowners Insurance

Required by most lenders, this policy protects your home and belongings from damage or loss.

Transfer Taxes

Fees imposed by the local or state government for transferring the property title to your name.

Inspection Fees

If not paid earlier, this covers the cost of a professional home inspection for any issues or repairs needed.

Crafting Your Ideal Home for a Better Tomorrow.

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Help

How I Help with Closing Costs

Transparent Guidance

I’ll break down all potential costs and ensure you understand what to expect before closing day.

Negotiation Assistance

In some cases, I can negotiate with the seller to cover part of your closing costs, saving you money.

Budget Planning

I’ll help you estimate total closing costs and incorporate them into your overall home-buying budget.

Reliable Recommendations

I connect you with trusted lenders, attorneys, and escrow agents to ensure a smooth closing experience.

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