What closing costs should you expect?

There are certain expected costs related to closing the sale of a house. These expenses are commonly divided between the buyer and seller, as spelled out 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 your process.

Costs pertaining to your loan to be paid at closing (Click here for more information)

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

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

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Click here for more information)

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

Sellers: As we get through the details of your sale, not only will I work to get the optimal sales price, but I'll also push for lower closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you know exactly where your money is going.

Buyers: If you're purchasing a home 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 reasonable range so you're not stunned when you come to the closing appointment. I'll be glad to look over the LE with you, answering your questions and highlighting any estimates of concern.

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