Don't Forget Closing Costs

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.

Loan Estimate (LE)

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

Loan-Related Costs
  • Appraisal Fee
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Costs associated with "originating" your loan
  • Points — A fee paid to lower your mortgage interest rate (optional)
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance if applicable

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

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Primemax Mortgage Group, NMLS#195523

311 West Grand Ave
Rainbow City, AL 35906