What closing costs should you expect?

There are certain expected fees linked to closing the sale of a house. These expenses are often divided between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Maryland to help guide you through your process.

Loan-related closing costs    (More information)

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

At closing, these taxes are usually paid    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (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 highest sales price, but I'll also push for lower closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you are informed of exactly what you're paying for.

Buyers: If you are buying a house in Anne Arundel County, you'll get 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 shocked when you arrive at closing time. I'll be happy to look at the LE with you, answering your questions and highlighting any estimates that seem unusual.

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