"Closing Costs" are the fees which cover the various services involved in the sale of a house. Sellers and buyers negotiate the payment of these costs.
Many of the closing costs associated with buying residential real estate are associated with getting a loan. At Price Mortgage Group LLC, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Loan Estimate".
Soon after you apply for a loan, we'll provide you with a "Loan Estimate" of your costs. The closing costs specified 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 will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes vary a little bit at the closing table.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you have completed your loan 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 Credit Report Interest Payment Escrow Fees TaxesLoan-related costs Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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