|
Jodi Bakst, Realtor
A real estate team specializing in Chapel Hill, Carrboro, Hillsborough, Durham, Chatham County, Apex, Cary, and Raleigh Real Estate.
Closing or Settlement >The Good Faith Estimate
When you buy a home, you will pay "closing costs" in addition to the down payment. These costs include the "points" you pay on your mortgage loan, title and hazard insurance, the title search, legal fees, and other charges imposed by the lender. These charges vary by state and county, but they usually represent a considerable amount of money.
Your real estate agent can tell you about the closing costs in your area. Ask your agent for some general figures when you begin your search for a new home, and use this information as a guideline. When you apply for your loan, the lender is required to provide you with a "good faith" estimate of the closing costs. The lender's good faith estimate is usually close to the actual amount, since the sales contract will have the price and terms of your new home spelled out. As the closing approaches, your real estate agent will give you a final figure for the check that you will bring to the closing table.
|
| Q |
What areas are known as the 'silk stocking' districts of this famous city?
|
| A |
In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room. |
 See More Real Estate Trivia > |
|
|
 Call Kelly today
at
1-800-567-2279 OR
919-859-8889
for your FREE copy
of "What You
Need to Know 6-12 Months
Before Selling
Your Home!"
 Call Kelly direct
at
919-818-3450 for
your FREE copy of
an invaluable 34-page book,
"Homebuyer's Toolkit, Ten Steps to Choosing and Purchasing Your Home."
Jodi Bakst, Realtor
Jodi is a realtor and friend who specializes in Chapel Hill, Durham and Raleigh Real Estate
Find Out More >
|
|
- NUMBER1EXPERT™ 
