Certain standard costs are related to closing the sale of a house. Buyers and sellers customarily share these costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying residential real estate are associated with getting a loan. Since Americn Hero Mortgage has extensive experience with closings & mortgages, we are closing cost experts.
Soon after you apply for a loan, we will give you a "Loan Estimate" of your closing costs. This closing cost estimate is based on our past experience. Please note that while our LEs are very accurate, we cannot always predict costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can vary a little bit at the closing table.
Below you'll find a generic list of closing costs. We will always provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Escrow Fees Various TaxesCosts related to "originating" your loan Points — A fee paid to lower your interest rate (optional) Appraisal Fee Obtaining Your Credit Report Interest Payment
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI)
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