What closing costs should you expect?

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

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

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

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

Property Taxes
Transfer Taxes and Recording Fees

At closing, these fees are often due (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 transaction, I'll not only work to get the optimal sales price, but I'll also advocate for lower closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you are aware of exactly where your money is going.

Buyers: If you're buying a property in Guam County, you will be given 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 reach the closing appointment. I'll be willing to look through the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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