"Closing Costs" are the fees that cover various services involved in the sale of a home. Sellers & buyers often 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 a mortgage loan. Since The Mortgage Firm - Team Meyers is highly experienced with mortgages and closings, we are closing cost experts.
Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on our past experience. Please note that while our LEs are very accurate, we can't always estimate costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can vary a little bit at the closing table.
We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your loan application. At The Mortgage Firm - Team Meyers, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Interest Payment Escrow Account TaxesLoan Origination Fee Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Credit Report
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI)
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