"Closing Costs" are the fees that pay for various services involved when you sell or buy residential real estate. Sellers and buyers negotiate the payment of these closing costs.
Many of the costs associated with buying a home are associated with getting a loan. Since The Mortgage Firm - Team Meyers is highly experienced with mortgages and closings, we are closing cost experts.
Very shortly after you submit your application, we'll provide you with a "Loan Estimate" of your costs. We base this closing cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we cannot always predict closing costs to the penny. We review LEs with buyers almost every day, so we will be happy to answer the you have about closing costs.
We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your application. At The Mortgage Firm - Team Meyers, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
TaxesLoan-related costs Points — lower your mortgage interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Fees
InsuranceRecording Fees and Transfer Taxes
Title Insurance Flood or Earthquake Insurance Private Mortgage Insurance (PMI)
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