Every home sale involves certain costs. Buyers and sellers customarily split these costs, as the real estate sales contract specifies.
Many of the costs associated with buying a home are associated with getting the mortgage. Since Americn Hero Mortgage is highly experienced with closings & mortgages, we can help you understand your closing costs.
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the LE and closing. We field questions about closing costs every day at Americn Hero Mortgage, so don't hesitate to contact us if we can help answer your questions.
Below is a generic list of closing costs. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs TaxesCosts related to "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Fee Pulling Your Credit Report Interest Payment Escrow Fees Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Title Insurance Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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