Every home sale incurs certain fixed costs. Sellers and buyers customarily share these costs, as the sales contract specifies.
As you'll see below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. Since Americn Hero Mortgage is highly experienced with closings and mortgages, we are closing cost experts.
Very shortly after you apply for a loan, 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 often vary a little bit between the Loan Estimate (LE) and closing. We go over LEs with buyers almost every day, so we will be happy to answer any questions 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, very soon after you complete your application. At Americn Hero Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Costs associated with "originating" your loan Points — lower your interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Fees Taxes Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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