Certain standard costs are associated with closing the sale of a house. Sellers and buyers usually split these closing costs, as the real estate sales contract specifies.
Many of the costs associated with buying a house are associated with getting a mortgage. At Americn Hero Mortgage, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The cost estimate is based on our past experience. It's important to note that while our LEs are very accurate, we can't always predict your costs to the penny. We review Loan Estimates with buyers every day, so we will be happy to answer the you have about closing costs.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your application. At Americn Hero Mortgage, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Pulling YourCredit Report Interest Payment Escrow Fees Various TaxesLoan-related costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs
Transfer Taxes & Recording Fees Insurance
Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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