Closing costs you should expect

There are certain ordinary fees linked to closing the sale of a house. These fees are usually split between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Pennsylvania to help show you through the deal.

Loan-related closing costs    (Click here for details)

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

At closing, these taxes are usually collected    (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 get through the details of your transaction, I'll not only work to get the very best sales price, but I'll also push for limited closing costs. And once we've reached an agreement, I'll explain in detail the closing costs so you are aware of exactly where your money is going.

Buyers: If you are buying real estate in Venango County, you'll 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 previous experience and is required to be within a tolerable range so you're not shocked when you arrive at the closing appointment. I'll be willing to look over the LE with you, answering your questions and highlighting any estimates that are uncertain.

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