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Anticipated closing costs
There are certain normal costs related to closing the sale of a house. These costs are commonly divided 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 North Carolina to help guide you through the process.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we hammer out your transaction, We will not only work to get the optimal sales price, but we will also push for limited closing costs. And once we've come to an agreement, we will fully clarify the closing costs so you are aware of exactly where your money is going.
Buyers: If you are buying real estate in New Hanover County, you'll 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 past experiences and is required to be within a tolerable range so you're not startled when you arrive at the closing table. We will be glad to review the GFE with you, answering your questions and highlighting any estimates that are uncertain.
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Today's Rates:
| 30-yr Fixed | 3.87% | 4% | | 15-yr Fixed | 3.14% | 3.31% | | 1-yr Adj | 2.76% | 3.42% |
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