Every home sale incurs fixed costs. Sellers and buyers customarily split these closing costs, as the real estate sales contract specifies.
As you'll see below, many of the buyer's closing costs cover the costs of originating the mortgage loan. Since Firelight Mortgage Consultants has extensive experience with closings & mortgages, we are closing cost experts.
Very soon after you submit your application, we will provide you with a "Loan Estimate" of your costs. The closing cost estimate is based on our past experience. Please note that while our LEs are very precise, we cannot always predict your closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes change slightly at closing.
Below you'll find a generic list of closing costs. We will provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Loan-related costs Points — lower your mortgage interest rate (optional) Appraisal Fee Credit Report Up-front Interest Payment Escrow Fees Taxes Property Taxes Recording Fees & Transfer Taxes Insurance Homeowners Insurance Title Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI)
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