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Closing Costs
Whether you are buying a new property or refinancing an existing loan, there are certain standard costs associated with these types of transactions.
Below is a list of some of the different types of costs that may be incurred in the case of a purchase or refinance. Blue Water Mortgage Company will walk you through the closing costs, answer any questions you may have, and explain which costs are decreed by law to be yours and which are negotiable.
Good Faith Estimate
Every transaction will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on typical loan costs and may not include all the closing costs. We will be glad to review the "Good Faith Estimate" with you so that you understand the cost of your loan.
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Standard Closing Costs
Loan-Related Costs
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance
- Homeowners Insurance
- Flood Insurance
- Windstorm
- Title Insurance
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Blue Water Financial Solutions 88665 Overseas Hwy PO Box 672 Islamorada, FL 33036-0672
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