What closing costs should you expect?

There are certain standard fees related to closing the sale of a house. These costs are often split between the buyer and seller, as dictated 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 show you through the 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

Insurance fees due at closing    (Click here for details)

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

Sellers: As we negotiate your deal, 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 arrived at an agreement, I'll describe in detail the closing costs so you are informed of exactly where your money is going.

Buyers: If you're purchasing real estate in Guam County, you will receive a "Loan Estimate" (LE) 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 a reasonable range so you're not shocked when you arrive at closing time. I'll be happy to go through the LE with you, answering your questions and highlighting any estimates that seem off.

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