THE COST OF GETTING A LOAN FOR YOUR HOME!



As the old saying goes, "nothing in life is free" - including your loan for your home!

There are certain normal costs related to closing the sale of a house.  A majority of these expenses are often split between the buyer and seller but some closing cost will be unique to the buyer and seller - a brief description is listed below, Your lender and I will work in conjunction with one another to ensure that you know what fees you can expect  and what they may cost. 

In some cases, the seller may be willing to contribute to your overall closing costs to help ease the burden of buying a home and we can discuss this in depth. 

You may also be able to negate some of these cost through your lender!



Looking to Buy?

We're experienced and knowledgeable.

It's a tremendous undertaking buying a home. Of course with all the excitement is also some uneasiness especially leading up to the transaction. If you're like most people, we bet you'll likely want some expert advice along the way and you'll undoubtedly need a real estate agent looking out for your top interests.

We're without question qualified in Naples real estate, and would love to provide assistance with purchasing your first home.

Give us a call at 919-332-1070 or email Tim@YourRaleighHome.com.



Closing costs that are loan-related    (Click here for details)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

At closing, these taxes are usually collected    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we get through the details of your transaction, not only will I work to get the very best sales price, but I'll also campaign for limited closing costs. And once we've arrived at an agreement, I'll describe in detail the closing costs so you know exactly what you're paying for.

Buyers: If you are buying a house in Wake County, you'll receive 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 prior experience and is required to be within an appropriate range so you're not shocked when you show up at the closing table. I'll be willing to review the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

Looking to Buy?

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