Anticipated closing costsThere are certain normal fees related to closing the sale of a house. These expenses are usually divided between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Guam to help guide you through the deal.
Loan-related closing costs (Learn more)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes commonly paid at closing (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Learn more)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your deal, I'll not only work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you are informed of exactly what you're paying for.
Buyers: If you're buying a house in Guam County, you will get a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within an appropriate range so you're not surprised when you reach closing time. I'll be glad to go through the GFE with you, answering your questions and highlighting any estimates in question.