Expected closing costs

There are certain ordinary fees associated with closing the sale of a house. These fees are commonly split between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Pennsylvania to help show you through your process.

Costs pertaining to your mortgage to be paid at closing    (Click here for details)

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

At closing, the following taxes are usually paid    (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 hammer out your deal, I'll not only work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you are aware of exactly where your money is going.

Buyers: If you are purchasing a house in Centre County, you will receive a "Loan Estimate" (LE) 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 stunned when you get to the closing appointment. I'll be glad to look at the LE with you, answering your questions and highlighting any estimates that seem off.

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