"Closing Costs" are the fees that cover the various services involved in the sale of a house. Buyers and sellers negotiate these costs.
As the list below indicates, many of the costs result from getting your mortgage loan. At MortgageZ LLC, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".
Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the LE are estimated based on MortgageZ LLC's experience with mortgage loans, but costs often vary by small amounts between delivery of the Loan Estimate (LE) and closing. We handle questions about these costs every day at MortgageZ LLC, so please be sure to contact us 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 deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Escrow Account TaxesLoan Origination Fee Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Costs Getting Your Credit Report Up-front Interest Payment Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Flood / Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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