Closing Costs

There are certain standard costs associated with closing a loan transaction. In the case of a business or commercial transaction, these fees are generally paid by the client, as spelled out in our fees-for-services engagement letter. In the case of a home purchase, these fees are usually split between the buyer and the seller, as spelled out in the sales contract.

As I negotiate a transaction for you, I will not only work to get the best terms possible, I will also work to limit the number of closing costs for which you will be responsible.

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.