There are certain standard costs associated with closing the sale of a house or refinancing your existing property. These fees are split between the buyer and the seller, as spelled out in the sales contract in a purchase. However, a refinance will require you to pay your closing costs completely.
I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.
Good Faith Estimate
By law a lender is required to provide you with a Good Faith Estimate. The fees listed on the application are subject to change, and with some lenders they often do.
That is why I don’t just provide my clients with a Good Faith Estimate. I also give you a separate guarantee that your non-recurring closing costs will not exceed the amount shown on the Good Faith Estimate. If they do, then I will pay you the difference.