"Closing Costs" are the fees which pay for various services involved when you sell or buy a home. Sellers and buyers usually negotiate to determine who will pay different portions of these costs.
Many of the closing costs associated with buying a home are associated with getting the mortgage. Since Price Mortgage Group LLC is highly experienced with mortgages and closings, we are closing cost experts.
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very precise, we cannot always estimate your costs to the penny. We review Loan Estimates with buyers almost every day, so we will be happy to answer the you have about closing costs.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your loan application. At Price Mortgage Group LLC, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Appraisal Costs Credit Report Up-front Interest Payment Escrow Account TaxesCosts associated with "originating" your loan Points — lower your mortgage interest rate (optional)
Recording Fees and Transfer Taxes Insurance
Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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