"Closing Costs" are the fees that pay for the various services involved in the sale of a home. Sellers and buyers usually negotiate the payment of these costs.
Many of the closing costs associated with buying a house are associated with getting the loan. At Americn Hero Mortgage, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Good Faith Estimate".
Very soon after you submit your application, we'll provide you with a "Good Faith Estimate" of your closing costs. The closing costs spelled out in the Good Faith Estimate are estimated based on our experience with mortgage loans, but costs usually change by small amounts between delivery of the GFE and closing. We will be glad to review the "Good Faith Estimate," answering your questions and highlighting costs that can vary a little bit at closing.
Below is a generic list of closing costs. We will always provide a specific list of your closing costs when we provide your Good Faith Estimate.
Standard Closing Costs
Appraisal Costs Pulling Your Credit Report Interest Payment Escrow Account TaxesLoan Origination Fee Points — A fee paid to lower your mortgage interest rate (optional)
Transfer Taxes and Recording Fees Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance if applicable
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