Sellers: As we progress through your deal, we'll not only work to get the highest sales price, but we'll also campaign for reduced closing costs. And once we've reached an agreement, we'll work with your lender in helping to explain in detail the closing costs so you are informed of exactly what you're paying for. Buyers: If you're buying a house, you'll get a "Good Faith Estimate" (GFE) of closing costs shortly after submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a reasonable range so you're not shocked when you arrive at the closing table. We'll be willing to look through the GFE with you, answering your questions and highlighting any estimates that seem unusual.
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