Every home sale incurs costs. Buyers and sellers usually share these closing costs, as specified in the sales contract.
As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. At Price Mortgage Group LLC, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".
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 extensive past experience. Please note that while our LEs are very accurate, we cannot always estimate costs to the penny. We explain LEs with buyers almost every day, so we'd be glad to answer your questions about closing costs.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Price Mortgage Group LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Loan Origination Fee Points — lower your interest rate (optional) Appraisal Fee Getting Your Credit Report Up-front Interest Payment Escrow Account Various Taxes Property Taxes Recording Fees & Transfer Taxes Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance if applicable
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