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Closing Costs |
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Estimated Closing and Recurring Costs* |
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GoodBorrower does not charge any lender fees.
The costs and fees related to closing a home loan is one of the most important questions. We will forward you a written estimate knows as a "Good Faith Estimate" , once you apply for a loan with us. The "Good Faith Estimate" is prepared based on each borrower's specific loan criteria.
Below, you will find a summary of what our estimate generally looks like. The Discount points will vary, based on the rate you decide to take. |
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Discount Points |
HUD# |
Discount Points |
Your discount points will vary based on the rate you choose. to see the different options you have, please check our Rates section. |
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| Loan discount points |
Based on the rate you choose |
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Lender Fees
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HUD# |
Lender Fees |
By streamlining the loan process, Goodborrower has eliminated all lender fees. |
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| Origination fee |
$0 |
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| Underwriting fee |
$0 |
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| Mortgage broker fee |
$0 |
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| Commitment fee |
$0 |
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| Document preparation fee |
$0 |
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| Administrative fee |
$0 |
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| Total Lender Points and Fees |
$0 |
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Third Party Fees
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HUD# |
Third Party Fees* |
We have negotiated low rates for these services and although we collect these fees, we pass them on to the service provider. |
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| 803 |
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| 804 |
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| 808 |
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| 814 |
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| 1101 |
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| 1108 |
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| 1113 |
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| 1201 |
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| 1204 |
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| 1203 |
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| 1203 |
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| Appraisal* |
$350 |
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| Credit report |
$0 |
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| Tax service |
$0 |
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| Flood certification |
$0 |
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| Settlement or Closing fee |
$500 |
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| Title Insurance* |
$450 |
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| Courier Fee |
$0 |
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| Recording Fee |
$100 |
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| County tax |
$0 |
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| State tax |
$0 |
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| City tax |
$0 |
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| Total Third Party Fees |
$1400 |
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*Third Pary Fees are estimates. For the Appraisal Fee, value is estimated to be $500,000. For the Title Insurance Fee, Loan amount is estimate to be $250,000
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These closing costs are only and estimation based on the limited amount of information we have gathered thus far. Once you submit your application, we will forward to you a Good Faith Estimate of your closing costs, which may differ from these numbers. We always try to do the most conservative assumption possible.
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Get a Preapproval |
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| Based on a preliminary review of your income, credit, and debt, we may be able to provide a Credit Pre-Approval Certificate that will demonstrate your buying power to a real estate agent. |
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