There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.
We will walk you through the closing costs, answering any questions you may have. We want you to understand every single fee that you will see on the "Good Faith Estimate"
Good Faith Estimate
Borrowers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This estimate is based on the loan officer's past experience with this type of loan and will be an "estimate" of what you can expect. Our borrowers are never surprised at the closing table because we try to nail down the cost as close as we can. While shopping for a loan, beware of someone whose costs are much lower than everyone else....you won't be happy at the closing table.