Every home sale involves fixed costs. Buyers and sellers usually share these closing costs, as the sales contract specifies.
Many of the closing costs associated with buying a home are associated with getting a loan. Since Firelight Mortgage Consultants has extensive experience with closings and mortgages, we can help you understand your closing costs.
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on our experience with mortgage loans, but costs usually vary by small amounts between delivery of the LE and closing. We handle questions about these costs every day at Firelight Mortgage Consultants, so please feel free to ask if you have questions.
Below you'll find a fairly general list of closing costs. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
Various TaxesLoan-related costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Fee Obtaining Your Credit Report Up-front Interest Payment Escrow Account
InsuranceRecording Fees and Transfer Taxes
Flood / Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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