There are certain ordinary fees accompanying closing the sale of a house. These expenses are often divided between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Texas to help lead you through the transaction.
Closing costs that are tied to financing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we hammer out your transaction, not only will we work to get the very best sales price, but we'll also advocate for limited closing costs. And once we've reached an agreement, we'll describe in detail the closing costs so you are informed of exactly where your money is going.
Buyers: When buying real estate in Brownwood, you'll be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's prior experience and are required to be within a suitable range so you're not stunned when you show up at closing time. We'll be happy to look over the estimate with you, answering your questions and highlighting any estimates of concern.
Don't forget to factor in closing costs when considering a home sale or purchase. LONE STAR HOME & LOAN is experienced at helping both buyers and sellers when it comes to closings. E-mail
or call me today at (325) 646-5979 if your needs include a real estate pro experienced in the business side of real estate.