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".
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 TaxesCosts 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
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