"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. Sellers and buyers almost always negotiate the payment of these costs.
Many of the closing costs associated with buying a house are associated with getting the mortgage loan. Since Price Mortgage Group LLC is highly experienced with closings and mortgages, we often explain the details of closing costs.
Very shortly after you submit your application, we will give you a "Loan Estimate" of your closing costs. The closing costs spelled out in the LE are estimated based on our experience with mortgage loans, but costs usually vary by small amounts between the LE and closing. We handle questions about closing costs every day at Price Mortgage Group LLC, so please be sure to ask if you have questions.
We've provided a general list of closing costs below, but we will give 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 Various TaxesCosts related to "originating" your loan Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Escrow Fees Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance if applicable
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