Closing Cost For Florida Real Estate Buyers

In most cases homebuyers apply for a loan to purchase a home. A lender who helps get a buyer approved for a loan usually provides the homebuyer a good faith estimate and all of the closing costs a buyer pays is included in this document.  Keep in mind that fees vary based on type of loan and the terms according to your purchase agreement or sales contract.  There are some fees that are required to be paid in advance or better know as paid outside of closing (POC).  Listed below are customary closings costs for real estate buyers.

• down payment
• fees associated with your loan include points, application fee, processing fee, credit report
• inspection fees
• Appraisal
• prepaid interest
• hazard insurance
• Mortgage insurance
• Title insurance
• Doc stamps on the note

As a real estate buyer its important to understand closing costs, make sure you recieve a good faith estimate from your lender.  Take this real estate advice to heart especially if you are a first time homebuyer and have never purchased a home before.  Contact Gary Berkson, RE/MAX Central Realty real estate agent to purchase a home. Gary will walk you through the homebuying process and lead you every step of the way.  Real estate prices have never been better so don't delay.