These costs include title searches, government taxes, notary fees, loan fees, escrow fees, recording fees, sales commissions and reconveyances fees, plus prorated fees, dues and taxes. One business day before your actual closing, you should review a copy of your HUD-1 Settlement Statement, which shows a final statement of the settlement fees you will incur at closing. The list might include sales commission, loan discount points, assumption fee, mortgage insurance premium, the first year's homeowner's insurance premium, mortgage insurance escrow account, transfer tax, property survey fee, homeowner's association fees, and other fees specific to your purchase. Your contract with your lender is private. However, if you feel comfortable, you can state in writing that your lender can contact your Exclusive Buyer's Agent.
Lenders have different types of loan packages.
Some lenders will wave certain fees. Carefully review every expense and fee shown on the HUD-1 Settlement statement. Check the math. Check that all the items are what you agreed to pay. Question ANY expense or fee that you do not understand.