Every home sale incurs certain costs. Buyers and sellers usually share these closing costs, as the sales contract specifies.
Many of the closing costs associated with buying residential real estate are associated with getting the mortgage. Since Firelight Mortgage Consultants has extensive experience with closings and mortgages, we can help you understand your closing costs.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The cost estimate comes out of our past experience. It's important to note that while our LEs are very precise, we cannot always estimate closing costs to the penny. We handle questions about closing costs every day at Firelight Mortgage Consultants, so please feel free to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Firelight Mortgage Consultants, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Escrow Fees Various TaxesCosts associated with "originating" your loan Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Fee Getting Your Credit Report Up-front Interest Payment
Recording Fees & Transfer Taxes Insurance
Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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