"Closing Costs" are the fees which pay for the various services involved in the sale of a home. Buyers & sellers almost always negotiate to determine who will pay different portions of these costs.
As the list below indicates, many of the costs result from getting your loan. Since Firelight Mortgage Consultants is highly experienced with mortgages & closings, we can help you understand your closing costs.
Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the GFE are estimated based on Firelight Mortgage Consultants's experience with mortgage loans, but costs usually change by small amounts between delivery of the Good Faith Estimate (GFE) and closing. We will be glad to review the "Good Faith Estimate," answering your questions and highlighting costs that can change slightly at closing.
We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your loan application. At Firelight Mortgage Consultants, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Escrow Fees TaxesLoan Origination Fee Points — lower your mortgage interest rate (optional) Appraisal Costs Credit Report Interest Payment
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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