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Sold by Owner | 1703 Quail Creek Drive, Norman, OK |
Sold
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Buyers Guide Closing The closing company conducts the closing and is often affiliated with the title insurance company. Their job is to ensure the buyer obtains a clean title; the lender obtains a good mortgage; the costs of the transaction are paid; the seller’s mortgage is paid off, and the seller receives their proceeds. The closing company will tell you how much you need to bring to closing. Personal checks are not accepted, so you will need a cashier or bank check. Your mortgage company will explain all fees associated with their loan. The closing company will provide a detailed list of all fees prior to closing. For planning purposes a number of online calculators are available to predict closing costs. A simple google search for “closing costs calculator” will give a number of choices. Here are a couple of examples. A Tulsa based closing company has a Closing Cost Calculator at: https://www.mainstreettitleco.com/calc/ Bank of America has a Closing Costs Calculator at: https://www.bankofamerica.com/home-loans/mortgage/closing-costs-calculator.go |
