This fee pays for the appraisal of the property. You may already have paid this fee at the beginning of your loan application process.
This fee covers the cost of the credit report requested by the lender. This too may already have been paid when you applied for your loan.
This fee covers the lender’s loan-processing costs. The fee is typically one percent of the total mortgage.
You will pay this one-time charge if you have chosen to pay points to lower your interest rate. Each point you purchase equals one percent of the total loan.
These fees generally include costs for the title search, title examination, title insurance, document preparation and other miscellaneous title fees.
If you buy a home with a low down payment, a lender usually requires that you pay a fee for mortgage insurance. This fee protects the lender against loss due to foreclosure. Once a new owner has 20 percent equity in their home, however, he or she can normally apply to eliminate this insurance.
This fee covers the interest payment from the date you purchases the home to the date of your first mortgage payment. Generally, if you buy a home early in the month, the prepaid interest fee will be substantially higher than if you buy it towards the end of the month.
In locations where escrow accounts are common, a mortgage lender will usually start an account that holds funds for future annual property taxes and home insurance. At least one year advance plus two months worth of homeowner’s insurance premium will be collected. In addition, taxes equal approximately to two months in excess of the number of months that have elapsed in the year are paid at closing. (If six months have passed, eight months of taxes will be collected.)
This expense is charged by most states for recording the purchase documents and transferring ownership of the property.
Make sure you consult a real estate professional in your area to find out which fees–and how much–you will be expected to pay during the closing of you prospective home. Keep in mind that you can negotiate these costs with the seller during the offering stage. In some instances, the seller might even agree to pay all of the settlement costs.
I am a Tulsa, Oklahoma native, but I’ve lived in Dallas for well over 20 years.
I have been in the business since 2013 and am a former Verizon Senior Business Sales Executive, educated in Computer Information Systems.
I’m a full-time real estate agent headquartered in the Aubrey, Texas, area of North Texas, providing service in Denton and surrounding counties – specializing in Residential sales.
Stacey was born and raised near South Padre Island, Texas. She has been married to Bobby Booth for 30 years and has two daughters, Allyson and Amanda. Allyson recently married Konner Miller in February and Amanda will be headed to the University of Arkansas, Fall 2022.
She was an Office Manager for Woolam Gin for 10 years and graduated with a bachelor’s degree in Kinesiology. She taught 2nd grade for 7 years before moving to Mena, Arkansas to open Black Bear Cabin Rentals in 2012. The best part of building a business from the ground up like Black Bear Cabins, was seeing it go from a concept to a thriving business. Her favorite part of the job was making connections with all of her customers.
The reason Stacey got into real estate is because she has always loved helping people and what better way to help people than to find the perfect place to call home. After selling Black Bear Cabins in 2020, she considered doing it then, but still had one of her daughters at home. Since her youngest daughter will be starting college in the fall, she knew this was the perfect time to start her new career. She has always loved the one-on-one personal contacts she has made with people, whether it was with her customers, students, or parents.
Her goal is to work hard for her clients whether it is through the purchase a new home or the sale of a current home. Her number one priority is to provide an experience where the customer feels valued and well taken care of.
I was born and raised in Dallas and have lived in Cedar Hill for 15 years. I have been married to my high school sweetheart for 15 years, and we have 3 beautiful children ages 7, 9 & 11.
I have been in the multi-family industry for 16 years where I’ve had several roles. I started as a construction admin, and then moved to an Assistant Business Manager/ Business Manager Onsite. I am currently a Cost Accountant for all new construction in the Dallas/Fort Worth area.
I am excited to switch gears toward my own business in Real Estate, where I will focus in the Cedar Hill, Midlothian, Waxahachie and surrounding areas.
I just started my journey into Real Estate in November 2021, and I am excited to begin!
Real estate is in my DNA! Second generation Realtor born and raised in North Texas. We know that no two clients are the same, so why work with someone who treats you that way?
We offer concierge next level customer service. Do you need movers? We can help with that! Do you need your yard maintained? We can take care of that too! Maybe you need accommodations for your fur babies… or real babies…. we understand your needs are unique.
We pride ourselves in building a relationship over a transaction, so whatever your needs are, we can help! Whether you are buying for your primary residence, second home, or investment property our team of experts will provide you with the most phenomenal customer service! Don’t get trapped in the ‘one size fits all’ Ferris Wheel of real estate. It truly matters who you choose to work with!
