Breaking Down Closing Costs w/ Mortgage Attorney, Molly Sutter
Understanding Closing Costs with Raegan Thorp and Molly Sutter!
Hey everyone, Raegan Thorp here with the Raegan Thorp Real Estate Group! I'm super excited to introduce Molly Sutter with Campbell and Brannon. We've been working together for years, and she’s here to help us break down the often confusing world of closing costs.
🔍 What Are Closing Costs? Closing costs can be divided into four main categories:
Attorney Fees
Lender Fees
County Fees
HOA Fees
Molly explained each of these in detail, helping to demystify the process. From attorney and county fees to lender and HOA fees, understanding these costs can make your home-buying journey smoother.
💼 Key Takeaways:
Attorney Fees: Flat fees for services like title exams.
County Fees: Includes deed recording and taxes.
Lender Fees: Covers loan origination, credit checks, appraisals.
HOA Fees: Initiation, move-in/move-out fees, and first months’ dues.
📊 Tax Considerations: Taxes can vary depending on the time of year you close. You might need to pay prorated taxes to ensure everything is up to date.
🔗 Learn More: We'll be diving deeper into these topics over the next few weeks, so stay tuned for more insights with Molly Sutter and the Raegan Thorp Real Estate Group.
Thank you, Molly, for your valuable input! Looking forward to working together more in the future. 🙌
