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Property Spotlight
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Chiefland For Sale
$15,000
0 Beds / 0 Baths
| This is one of two larger adjacent lots available for you. The other lot is MLS NUMBER 210008270. This lot is priced significantly lower than it was purchased for, just to sell... more >>
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Chiefland For Sale
$17,000
0 Beds / 0 Baths
| This is one of two larger adjacent lots available for you. The other lot is MLS NUMBER 210008276. This lot is priced significantly lower significantly lower than it was purchased for, just to sell... more >>
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Bonita Springs For Sale
$125,000
0 Beds / 0 Baths
| Nestled away on the Imperial River and close to the heart of Bonita Springs, Serrano, a gated community, provides you with a strong feeling of quaint opulence... more >>
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Naples For Sale
$142,500
0 Beds / 0 Baths
| Carpe Diem! - Here's an opportunity to own a piece of waterfront property without hurting your wallet. Boat Slip #11 is a 34-foot slip, approximately 14-feet wide, and in a deep water marina - approx... more >>
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Bonita Springs For Sale
$165,000
2 Beds / 2 Baths
| What an opportunity! This IS a Short Sale. This unit in a beautiful, well located community. Your unit will be #204...it is a very sought-after corner unit... more >>
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Bonita Springs For Sale
$185,000
2 Beds / 2 Baths
| What an opportunity! Reduced to Sell Now!! This is NOT A Short Sale. This is a beautiful, very new building in a beautiful, well located community. Your unit will be #201..... more >>
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Estero For Sale
$240,000
4 Beds / 2.5 Baths
| Enter through the custom made Cantera doors. Now..... more >>
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Bonita Springs For Sale
$1,000,000
0 Beds / 0 Baths
| This Vacant Residential Corner Lot in the exclusive community of Dolphin Cove in Bonita Springs where existing homes are available starting in the low $2 millions... more >>
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Bonita Springs For Sale
$1,000,000
0 Beds / 0 Baths
| This Vacant Residential Corner Lot in the exclusive community of Dolphin Cove in Bonita Springs where existing homes are available starting in the low $2 millions... more >>
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View All Our Picks >>
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WHAT MAKES UP CLOSING COST?
There may be closing cost customary or unique to a certain locality, but closing cost are usually made up of the following:
Attorney's or escrow fees (Yours and your lender's if applicable)
Property taxes (to cover tax period to date)
Interest (paid from date of closing to 30 days before first monthly payment)
Loan Origination fee (covers lenders administrative cost)
Recording fees
Survey fee
First premium of mortgage Insurance (if applicable)
Title Insurance (yours and lender's)
Loan discount points
First payment to escrow account for future real estate taxes and insurance
Paid receipt for homeowner's insurance policy (and fire and flood insurance if applicable)
Any documentation preparation fees
WHAT CAN I EXPECT TO HAPPEN ON CLOSING DAY?
You'll present your paid homeowner's insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will then list the money you owe the seller (remainder of down payment, prepaid taxes, etc.) and then the money the seller owes you (unpaid taxes and prepaid rent, if applicable). The seller will provide proofs of any inspection, warranties, etc.
Once you're sure you understand all the documentation, you'll sign the mortgage, agreeing that if you don't make payments the lender is entitled to sell your property and apply the sale price against the amount you owe plus expenses. You'll also sign a mortgage note, promising to repay the loan. The seller will give you the title to the house in the form of a signed deed.
You'll pay the lender's agent all closing costs and, in turn,he or she will provide you with a settlement statement of all the items for which you have paid. The deed and mortgage will then be recorded in the state Registry of Deeds, and you will be a homeowner.
WHAT MAKES UP CLOSING COST?
Settlement Statement, HUD-1 Form (itemizes services provided and the fees charged; it is filled out by the closing agent and must be given to you at or before closing)
Truth-in-Lending Statement
Mortgage Note
Mortgage or Deed of Trust
Binding Sales Contract (prepared by the seller; your lawyer should review it)
Keys to your new home
[ ..More About Bonita Springs Loan Closing Advice ]
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