Certain standard costs are associated with closing the sale of a home. Sellers and buyers usually split these closing costs, as the sales contract specifies.
As you'll see below, many of the costs result from getting your mortgage. Since Primemax Mortgage Group, NMLS#195523 has extensive experience with closings & mortgages, we are closing cost experts.
Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on our experience with mortgage loans, but costs usually change by small amounts between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can vary a little bit at the closing table.
Below is a general list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Appraisal Fee Getting Your Credit Report Interest Payment Escrow Account Various TaxesCosts associated with "originating" your loan Points — A fee paid to lower your mortgage interest rate (optional)
InsuranceRecording Fees and Transfer Taxes
Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance if applicable
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