Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees that pay for the various services involved in the sale of residential real estate. Sellers and buyers usually negotiate to determine who will pay different portions of these costs.

Many of the closing costs associated with buying a house are associated with getting a mortgage loan. At Americn Hero Mortgage, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Very soon after you submit your application, we'll provide you with the "Loan Estimate" of your closing costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary by small amounts between the Loan Estimate (LE) and closing. We handle questions about closing costs every day at Americn Hero Mortgage, so please feel free to ask if we can help answer your questions.

Below you'll find a general list of closing costs. We will always provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Pulling Your Credit Report
  • Interest Payment
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

At Americn Hero Mortgage, we answer questions about closing costs every day. Call us: 754-202-4376.

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