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Carol Kable's Resume, CRS, CRB, ABR | • | #1 RE/MAX Top Team Producer in the Central Atlantic Region | | • | RE/MAX Platinum Club | | • | RE/MAX 100% Club | | • | RE/MAX President's Club | | • | RE/MAX #1 West Virginia Agent for number of properties SOLD | | • | RE/MAX Multi-Million Dollar Club | | • | RE/MAX Million Dollar Club Top Sales | | • | RE/MAX Million Dollar Club Hall of Fame |
PROFESSIONAL DESIGNATIONS | • | ABR Accredited Buyer Representative | | • | CRS Certified Residential Specialist | | • | CRB Certified Real Estate Brokerage Manager | | • | Associate Broker |
PROFESSIONAL QUALIFICATIONS | • | West Virginia Real Estate License | | • | Board Member of City National Bank | | • | Board Member of Small Business and Agriculture Advisory |
GIVING BACK TO OUR COMMUNITY | • | Rotary Club | | • | Chamber of Commerce | | • | United Way |
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Closing or Settlement >Estimated Closing Costs
There is a federal law that requires mortgage lenders to give prospective buyers an itemized, "good-faith" estimate of their closing costs. Sometimes buyers arrive at the closing with this document in hand and proceed to question each item on the final closing statement that does not match the estimate exactly.
These "good-faith" estimates are just that--estimates. The lender's charges will be fairly accurate, but the charges for attorneys, termite inspections, title insurance, and other items that appear on the closing sheet may vary from the estimate. Some pro-rated items, such as taxes or homeowner's association fees, will also be different if you don't close on the date that was used to calculate the estimate. The purpose of the disclosure law is to give you a ball park figure of your closing costs. But the estimate you are given won't be to the penny--probably not even to the dollar!
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