"Closing Costs" are the fees that cover various services involved in the sale of a house. Sellers and buyers almost always negotiate to decide how to share these closing costs.
As you'll see below, many of the closing costs result from getting your mortgage loan. Since Firelight Mortgage Consultants is highly experienced with mortgages & closings, we are closing cost experts.
Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your costs. The cost estimate is based on our past experience. It's important to note that while our LEs are very precise, we cannot always estimate closing costs to the penny. We explain LEs with buyers every day, so we will be happy to answer your questions about closing costs.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete 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 Loan-Related Costs Interest Payment Escrow Fees TaxesLoan Origination Fee Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Costs Credit Report Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance
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