Every home sale incurs costs. Sellers and buyers usually share these closing costs, as specified in the sales contract.
As you'll see below, many of the closing costs result from getting your mortgage. Since Firelight Mortgage Consultants has extensive experience with closings and mortgages, we are closing cost experts.
Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very accurate, we cannot always estimate your costs to the penny. We will be glad to review the "Good Faith Estimate," answering questions and highlighting costs that sometimes change slightly at the closing table.
Below you'll find a fairly general list of closing costs. We will provide you with a specific list of your closing costs when we give you a Good Faith Estimate.
Standard Closing Costs
Appraisal Fee Credit Report Up-front Interest Payment Escrow Fees TaxesLoan-related costs Points — A fee paid to lower your interest rate (optional)
Insurance Transfer Taxes & Recording Fees
Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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