Closing Costs

There are certain standard costs associated with closing the sale of a house or refinancing a house. If the transaction is a purchase these fees are generally split between the buyer and the seller, as spelled out in the sales contract. Remember everything is negotiable!

As you negotiate the sales contract, you can also negotiate the amount of closing cost the seller is willing to contribute. Usually 3-6% of the selling price. If structured properly the seller has no adverse affect from a closing cost contribution to a buyer. This has to be done very precisely, please contact one of our mortgage professionals and your real estate agent to make sure this is done correctly. VERY IMPORTANT.

We will walk you through the closing costs listed on the Good Faith Estimate, answering any questions you may have and explaining the cost line by line so that you understand what each charge is.