Closing Costs

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.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

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

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

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

 

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ACM Home Loans, Inc 3700 34th Street suite 220 ORLANDO, FL 32805 Phone: (407) 397-7300 UK Free Phone: 0(800) 634-8413
E-mail: info@acmhomeloans.com

Foreign National Borrowers*Condotels (condo-hotels)* Condo-Conversions* Vacation Home mortgages

Justine Assal Vice President ACM Home Loans

                                                                          

                                      


ACM Home Loans, Inc 3700 34th Street suite 220 Orlando, FL 32805
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