Closing costs you should expectThere are certain typical expenses accompanying closing the sale of a house. These fees are usually split 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 guide you through your process.
Costs pertaining to your loan to be paid at closing (Click here for details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these 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 get through the details of your deal, I'll not only work to get the very best sales price, but I'll also campaign for lower closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you know exactly what you're paying for.
Buyers: When purchasing a home in Tamuning, you will receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's prior experience and are required to be within a tolerable range so you're not startled when you arrive at the closing appointment. I'll be willing to look at the estimate with you, answering your questions and highlighting any estimates that seem questionable.