Pam Roderick - Berkshire Hathaway Lovejoy Realty
Pam Roderick
763 449 0031763 449 0031

Understanding Closing Costs

When it comes to closing the sale of a house, there are certain standard costs that are split between the buyer and seller which are specified in the purchase contract. The allocation of these fees is, to an extent, negotiable. As I negotiate the purchase contract on your behalf, I will strive to achieve the result that you desire, as well as reviewing the closing costs for which you are responsible.

THE LOAN ESTIMATE
Buyers will receive a “Loan Estimate” with closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer’s past experience and may not include all the closing costs. I am happy to review the Loan Estimate with and provide analysis based on my experience.

THE CLOSING DISCLOSURE
Prior to the closing, you will receive a “Closing Disclosure” that will include all of the final closing costs for your loan. The Closing Disclosure should match the Loan Estimate very closely.

STANDARD CLOSING COSTS

Loan-Related Costs:

  • Loan origination fee
  • Points (if applicable)
  • Appraisal fee
  • Credit report
  • Interest payment
  • Escrow fee

Tax-Related Costs:

  • Prorated property taxes
  • Transfer taxes
  • Recording fees

Insurance-Related Costs:

  • Homeowners insurance
  • Flood or earthquake insurance
  • Private mortgage insurance (“PMI”)
  • Title insurance

Real Estate Sales Commissions

  • Sellers’ Broker/Agent
  • Buyer’s Broker/Agent

About Pam Roderick

Picture of Pam Roderick

Pam Roderick

pamroderick@comcast.net

3515 Plymouth Blvd #205, Plymouth, MN 55447

763 449 0031763 449 0031 office

612-327-4416612-327-4416 mobile

Berkshire Hathaway Lovejoy Realty

Reviews

5cameye0170

Pam came recommended by a family member, and I've now used her to buy two houses and sell one. She is great to work with, does not pressure you, is very honest about her opinion on what you're buying or selling, and can see potential where others may not.

I... (more)

5user5763578

We have had fantastic service from The Pam Roderick Team. Pam sold one of our homes in the toughest season possible - right before the holidays. The photos and virtual tour she put together helped sell the home. Most recently she has been assisting us in... (more)

5user5497961

Pam was very diligent and hard working. Pam fought very hard for us, as customers. She was not happy until we found the house we liked. Thanks to her we now have a great home in a beautifual neighborhood.
Matt & Michelle

Review Pam Roderick on Zillow.com

Contact Me

This website is managed by:
Limelight Marketing Systems
 We Make You Look Good!
Copyright 2017 - All Rights Reserved