"Closing Costs" are the fees that cover various services involved in the sale of a home. Sellers and buyers almost always negotiate these costs.
As indicated below, many of the buyer's closing costs are related to the costs of originating the loan. At Primemax Mortgage Group, NMLS#195523, we have extensive experience in residential mortgage lending, so we can compile a comprehensive list of costs related to your mortgage in your "Loan Estimate".
Very shortly after you submit your application, we'll give you the "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on Primemax Mortgage Group, NMLS#195523's experience with mortgage loans, but costs usually change a little bit between the Loan Estimate (LE) and closing. We answer questions about these costs every day at Primemax Mortgage Group, NMLS#195523, so don't hesitate to contact us if you have questions.
Below you'll find a fairly generic list of costs for buying a home. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs TaxesLoan Origination Fee Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Costs Obtaining Your Credit Report Up-front Interest Payment Escrow Fees Property Taxes Recording Fees & Transfer Taxes Insurance Homeowners Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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