"Closing Costs" are the fees which cover various services involved in the sale of a house. Sellers and buyers almost always negotiate to decide how to share these costs.
As you'll see below, many of the costs result from getting your mortgage. Since Price Mortgage Group LLC is highly experienced with mortgages & closings, we often explain the details of closing costs.
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. Please note that while our LEs are very precise, we can't always estimate closing costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can vary a little bit at the closing table.
We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very 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 Loan-Related Costs Appraisal Costs Pulling Your Credit Report Up-front Interest Payment Escrow Fees Various TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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