Certain standard costs are associated with closing the sale of a house. Sellers and buyers usually share these closing costs, as the sales contract specifies.
Many of the costs associated with buying a home are associated with getting the mortgage loan. At Primemax Mortgage Group, NMLS#195523, we are highly experienced in mortgage lending, so we can compile a comprehensive list of costs related to your mortgage in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The cost estimate is based on the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always estimate your closing costs to the penny. We field buyers' questions about closing costs every day at Primemax Mortgage Group, NMLS#195523, so don't hesitate to ask if you have questions.
Below you'll find a fairly 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
Loan Origination Fee Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Account Taxes
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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