Closing Costs & Prepaid Items

There are certain standard costs associated with closing the sale of a house. These fees are typically split between the buyer and the seller, as spelled out in the sales contract.

Good Faith Estimate

Buyer(s) will receive a "Good Faith Estimate" of closing costs normally when they submit their offer to purchase a home. This will give them a good understanding of costs involved in purchasing a home, as well as assist in their negotiations with the seller(s). Once we receive an executed contract, an updated “Good Faith Estimate” will be provided, taking into account the items negotiated in the contract. Please feel free to contact Legacy Mortgage for any questions you may have regarding the “Good Faith Estimate”, or the complete loan process. We would also be glad to review any estimate you currently have and brief you on any items that may be missing or estimated low.