"Closing Costs" are the fees which pay for various services involved in the sale of a house. Sellers & buyers often negotiate to decide how to share these closing costs.
As you'll see below, many of the buyer's closing costs cover the costs of getting the loan. Since Primemax Mortgage Group, NMLS#195523 has extensive experience with mortgages and closings, 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. We base this cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we cannot always estimate costs to the penny. We answer buyers' questions about closing costs every day at Primemax Mortgage Group, NMLS#195523, so please feel free to ask if you have questions.
Below is a fairly general list of closing costs. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Pulling Your Credit Report Interest Payment Escrow Account TaxesLoan Origination Fee Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance if applicable
Do you have a question regarding a mortgage program?