What closing costs should you expect?

There are certain ordinary fees associated with closing the sale of a house. These fees are usually divided between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Guam to help show you through your process.

Closing costs that are loan-related    (Click here for details)

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

At closing, the following taxes are usually paid    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we negotiate your transaction, not only will I work to get the very best sales price, but I'll also advocate for reduced closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you know exactly where your money is going.

Buyers: If you're purchasing a house in Guam County, you will 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 prior experience and is required to be within a tolerable range so you're not stunned when you come to closing time. I'll be willing to go over the LE with you, answering your questions and highlighting any estimates that are uncertain.

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