Don't forget to factor in closing costs when considering a home sale or purchase. Homes & Loans Outlet is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at (800) 542-0372 if your needs include a real estate pro ready for the business side of real estate.

Expected closing costs

There are certain normal expenses associated with closing the sale of a house. These costs are commonly split between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in New Jersey to help direct you through the deal.

Loan-related closing costs    (Click here for more information)

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

Taxes you may be responsible for at closing    (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, we'll not only work to get the optimal sales price, but we'll also advocate for lower closing costs. And once we've arrived at an agreement, we'll describe in detail the closing costs so you are aware of exactly where your money is going.

Buyers: When purchasing a house in Oklahoma County, you'll receive 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 prior experience and is required to be within a tolerable range so you're not astonished when you come to the closing appointment. We'll be willing to go through the GFE with you, answering your questions and highlighting any estimates of concern.