Certain standard costs are related to closing the sale of a house. Buyers and sellers usually share these closing costs, as the real estate sales contract specifies.
Many of the costs associated with buying a house are associated with getting a loan. Since Firelight Mortgage Consultants has extensive experience with closings and mortgages, we are closing cost experts.
Very soon after you submit your application, we'll provide you with a "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on Firelight Mortgage Consultants's experience with mortgage loans, but costs often vary a little bit between delivery of the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at the closing table.
Below you'll find a generic list of costs for buying a home. We will always provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Up-front Interest Payment Escrow Fees TaxesCosts associated with "originating" your loan Points — A fee paid to lower your interest rate (optional) Appraisal Costs Pulling YourCredit Report Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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