Anticipated closing costs

There are certain normal fees related to closing the sale of a house. These fees are usually divided between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help guide you through the transaction.

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

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

At closing, the following taxes are usually paid    (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 hammer out your transaction, not only will I work to get the optimal sales price, but I'll also push for limited closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you are informed of exactly where your money is going.

Buyers: If you're buying a house in Tulsa County, you'll 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 previous experience and is required to be within an appropriate range so you're not startled when you arrive at closing time. I'll be glad to go through the LE with you, answering your questions and highlighting any estimates that seem unusual.

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