"Closing Costs" are the fees which cover the various services involved in the sale of a house. Buyers & sellers often negotiate these closing costs.
Many of the costs associated with buying a house are associated with getting a mortgage. Since Firelight Mortgage Consultants has extensive experience with mortgages and closings, we are closing cost experts.
Buyers get a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our GFEs are very precise, we cannot always estimate your closing costs to the penny. We will be glad to review the "Good Faith Estimate," answering questions and pointing out costs that sometimes change slightly at closing.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your 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
Credit Report Interest Payment Escrow Fees TaxesLoan-related costs Points — A fee paid to lower your interest rate (optional) Appraisal Costs
InsuranceRecording Fees & Transfer Taxes
Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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