Don't Forget Closing Costs

There are certain standard costs related to closing the sale of a house. Sellers and buyers usually split these costs, as specified in the sales contract.

Many of the closing costs associated with buying a home are associated with getting the mortgage. At Primemax Mortgage Group, NMLS#195523, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on mortgage-related costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we will provide you with a "Loan Estimate" of your closing costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we cannot always estimate your costs to the penny. We will be glad to review the "Loan Estimate," answering questions and pointing out costs that can vary a little bit at closing.

Below you'll find a general list of costs for buying a home. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Interest Payment
  • Escrow Account
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance

Primemax Mortgage Group, NMLS#195523 can answer questions about these closing costs. Call us at 2565439211.

Mortgage Questions?

Do you have a question regarding a mortgage program?

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Primemax Mortgage Group, NMLS#195523

311 West Grand Ave
Rainbow City, AL 35906