The Complete Guide to Your Real Estate Closing: Answers to All Your Questions - From Opening Escrow, to Negotiating Fees, to Signing the Closing Papers Before choosing a mortgage lender, consider more than just the lending rate. Each lender will supply you with a good faith estimate of closing costs, or GFE. In fact, the lender or mortgage broker is required to give you a GFE within three working days of accepting your loan application. The GFE comes in the form of an itemized list of estimated closing costs for everything from the lender’s fees to the appraisal charge to the title insurance premium to a partial month’s interest payment. Some fees that are negotiable are the appraisal, credit report and home inspection. Every dollar save it certainly money in your pocket.

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