"Closing Costs" are the fees that cover the various services involved in the sale of a home. Sellers and buyers almost always negotiate to determine who will pay different portions of these costs.
Many of the closing costs associated with buying a house are associated with getting the mortgage loan. Since The Mortgage Firm - Team Meyers has extensive experience with mortgages & closings, we are closing cost experts.
Very soon after you submit your application, we'll give you the "Loan Estimate" of your costs. This closing cost estimate comes out of our past experience. It's important to note that while our LEs are very precise, we cannot always estimate your costs to the penny. We will be glad to review the "Loan Estimate," answering questions and pointing out costs that sometimes change slightly at the closing table.
Below you'll find a fairly general list of closing costs. We will always provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Escrow Fees TaxesLoan Origination Fee Points — lower your mortgage interest rate (optional) Appraisal Costs Getting Your Credit Report Interest Payment
Transfer Taxes and Recording Fees Insurance
Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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