"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. Sellers & buyers negotiate the payment of these costs.
Many of the costs associated with buying residential real estate are associated with getting a mortgage. Since Firelight Mortgage Consultants has extensive experience with closings & mortgages, we can help you understand your closing costs.
Very soon after you submit your application, we'll provide you with a "Loan Estimate" of your closing costs. The cost estimate is based on the loan officer's past experience. Please note that while our LEs are very precise, we cannot always predict your closing costs to the penny. We field questions about closing costs every day at Firelight Mortgage Consultants, so please be sure to contact us if we can help answer your questions.
Below is a fairly general list of costs for buying a home. We will provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Interest Payment Escrow Fees Various TaxesCosts associated with "originating" your loan Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Obtaining YourCredit Report Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance
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