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.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, 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.

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

 

Bridgewater Funding, LLC is a registered mortgage broker with:
NY,CT,FLA and GA Banking Departments.  All loans arranged through third party lenders.

New York Registered Mortgage Broker License No. 202606
Connecticut Registered 1st Mortgage Broker License No. 16919
Connecticut Registered 2nd Mortgage Broker License No. 14754
Florida Registered Mortgage Broker License No.386835
Georgia Registered Mortgage Broker License No. 21321
               


Bridgewater Funding 577 Main Street Islip, NY 11751
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