What exactly are closing costs and how much are they?
I am asked this question a lot.
Closing cost is all combined costs, other than the purchase price, that is associated with purchasing the property. Closing cost include lender fees such as commitment fee, application fee, appraisal fee, tax service fee, flood certificate fee, credit report fee, lender’s title fee, etc. Other cost can include home inspection fee, closing attorney fee, recording fee, termite inspection fee and survey fee.
One way to check on costing cost ahead of time is to have a lender run a Closing Cost Worksheet for you so you can see what the estimated cost will be before you purchase your home so you do not have any surprises.
My team and I have been helping buyers successfully purchase homes for over 20 years. If you have questions concerning closing cost, please give us a call and we will be happy to address your question or we can put you in touch with one of our preferred lender that can answer any questions you may have about lending cost and the lending process.
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