LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

Closting Costs checklist?

Posted By Message

ARIELSMOM
Love my Babes

Member since 8/05

5889 total posts

Name:
MEREDITH

Closting Costs checklist?

Posted 3/18/06 4:02 PM
 
Long Island Weddings
Long Island's Largest Bridal Resource
  |   Prudential Douglas Elliman Real Estate

ARIELSMOM
Love my Babes

Member since 8/05

5889 total posts

Name:
MEREDITH

Re: Closting Costs checklist?

Sorry... Here is my question?
What are normal fees at closing cost? Does anyone know or can list some things? I received my "good Faith estimate" today, and im alway thinking someone is out to get more than what they need. But, i have never done t his before, so i need some help decoding it.
TIA.

Posted 3/18/06 4:04 PM
 

csorisi
My 2 LOVES

Member since 11/05

1984 total posts

Name:
Corinne

Re: Closting Costs checklist?

Well it depends. There is mortgage tax, title fees, points for the mortgage (if you get it), escrow money if you are setting it up. There are processing fees & application fees for the bank as well as misc charges such as flood search etc. There is an attorney fee for the bank, recording fee for the mortgage(s) & deed, you might have to pay tax, oil or gas adjustments at closing including any taxes that might be due around the time of closing. In addition for your mortgage you will have to pay interest because for example say you close the beginning of april your first mortgage payment will not be due until june 1st. When you make your first mortgage payment in june you will be paying the interest on the mortgage from may so in order to "catch you up" to may 1st you will pay interest from teh date you close in april to may 1st at a daily rate. I think I got everything--this is pretty much the "costs" there are some additional misc. costs plus you have to pay your own atty. Usually if you ask your attorney they should be able to explain it all to you.
Good luck

Posted 3/19/06 12:36 AM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: Closting Costs checklist?

If you get a good faith estimate... it will list all your costs... (approximately).

Posted 3/19/06 8:42 AM
 

csorisi
My 2 LOVES

Member since 11/05

1984 total posts

Name:
Corinne

Re: Closting Costs checklist?

Posted by DjPiLL

If you get a good faith estimate... it will list all your costs... (approximately).



Not necessarily true--your good faith estimate will only be bank fees as well as title fees & mortgage tax. It won't include other fees that you might or will have to pay at closing.

Posted 3/19/06 11:58 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
anyone know how much it costs to get a cesspool pumped? raken40 3/3/06 14 Families Helping Families ™
accupuncture costs dm24angel 2/26/06 5 Infertility
does anyone know we can write off our closing costs? raken40 2/24/06 10 Home
Baby furniture costs Lichi 2/3/06 17 Pregnancy
Furniture Costs LSP2005 1/16/06 1 Families Helping Families ™
CLOSING COSTS-UPDATE ON BOTTOM LIBOUND 12/3/05 28 Home
 
Quick navigation:   
Currently 254430 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows