Closing Costs

(269) 930-7355 Saint Joseph and I'll help you understand all the expenses and point out any inaccuracies. (269) 930-7355 There are certain basic fees accompanying closing the sale of a house. These costs are often split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Michigan to help lead you through the transaction. 

Closing costs that are loan-related    (Learn more)

- Points (optional)

- Appraisal Fee

- Credit Report

- Interest Payment

- Escrow Account

At closing, these taxes are usually paid    (Learn more)

- Property Taxes

- Transfer Taxes and Recording Fees

Insurance fees due at closing    (Learn more)

- Homeowners Insurance

- Flood or Quake Insurance (optional)

- Private Mortgage Insurance (PMI) (optional)

- Title Insurance

Sellers: As we negotiate your sale, I'll not only work to get the optimal sales price, but I'll also push for limited closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you are informed of exactly where your money is going. 

Buyers: When buying a house in Berrien County, 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 acceptable range so you're not startled when you show up at the closing table. I'll be willing to look through the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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