What closing costs should you expect?

There are certain typical expenses related to closing the sale of a house. These fees are commonly divided between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Maryland to help show you through your process.

Costs pertaining to your mortgage to be paid at closing    (More information)

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

Taxes commonly paid at closing    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (More information)

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

Sellers: As we hammer out your transaction, not only will I work to get the very best sales price, but I'll also campaign for lower closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are buying a home in Anne Arundel County, you'll be given 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 a suitable range so you're not startled when you show up at the closing table. I'll be glad to go through the LE with you, answering your questions and highlighting any estimates of concern.

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