About Closing Costs

"Closing Costs" are the fees that pay for various services involved when you sell or buy a home. Buyers and sellers almost always negotiate the payment of these costs.

Many of the costs associated with buying a home are associated with getting a mortgage loan. Since Primemax Mortgage Group, NMLS#195523 is highly experienced with mortgages and closings, we are closing cost experts.

Loan Estimate (Also known as the LE)

Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on Primemax Mortgage Group, NMLS#195523's experience with mortgage loans, but costs often change a little bit between the Loan Estimate (LE) and closing. We review Loan Estimates with buyers almost every day, so we'd be glad to answer your questions about closing costs.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you have completed your loan application. At Primemax Mortgage Group, NMLS#195523, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

• Points — lower your interest rate (optional)
• Appraisal Costs
• Obtaining Your Credit Report
• Up-front Interest Payment
• Escrow Account
• Taxes
• Loan Origination Fee

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

• Title Insurance
• Flood or Quake Insurance
• Private Mortgage Insurance (PMI)

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