Don't Forget Closing Costs

"Closing Costs" are the fees which cover various services involved in the sale of residential real estate. Buyers and sellers negotiate to decide how to share these closing costs.

As you'll see below, many of the buyer's closing costs cover the costs of originating the loan. 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".

Loan Estimates (LEs)

Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. 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 Loan Estimates with buyers every day, so we'd be glad to answer your questions about closing costs.

Below you'll find a general list of costs for buying a home. We will provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Pulling YourCredit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Americn Hero Mortgage can help you understand closing costs. Call us at 754-202-4376.

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