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Closing Costs
There are certain standard costs associated with closing the sale of a house. These fees are sometimes split between the buyer and the seller, as spelled out in the sales contract.
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 (or AKA as a "GFE" at the time the loan application is submitted to me. I will be glad to review the "Good Faith Estimate," of any of my competetitors answering questions and highlighting missing costs and estimates I believe to be low or to high.
State of Florida Documentary and Intangible Tax Stamps.
Are required by the state of Florida
Documentary Stamps are .35 cents per hundred and Intangible Tax Stamps are .2 cents per hundred.
CALL ME AT 941-376-0576 to obtain a FREE GFE
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Standard Closing Costs
Loan-Related Costs
- Mortgage Broker Fee ( only if we are talking sub-prime loans and only if nessesary)
- 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
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