All residential real estate transactions incurs certain fixed costs. Sellers and buyers customarily share these costs, as specified in the real estate sales contract.
Many of the closing costs associated with buying a home are associated with getting the mortgage. Since Primemax Mortgage Group, NMLS#195523 has extensive experience with closings and mortgages, we are closing cost experts.
Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your closing costs. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the Loan Estimate (LE) and closing. We explain Loan Estimates with buyers every day, so we are happy to answer your questions about closing costs.
Below you'll find a fairly general list of closing costs. We will provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs TaxesLoan Origination Fee Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Escrow Fees Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
Do you have a question regarding a mortgage program?