Every home sale incurs costs. Buyers and sellers almost always split these closing costs, as specified in the real estate sales contract.
As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. Since Price Mortgage Group LLC is highly experienced with mortgages & closings, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually change by small amounts between the LE and closing. We go over Loan Estimates with buyers every day, so we are happy to answer your questions about closing costs.
Below is a generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs TaxesCosts related to "originating" your loan Points — lower your interest rate (optional) Appraisal Costs Pulling Your Credit Report Up-front Interest Payment Escrow Account Property Taxes Recording Fees & Transfer Taxes Insurance Homeowners Insurance Flood or Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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