"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. Sellers & buyers almost always negotiate to determine who will pay different portions of these closing costs.
As indicated below, many of the closing costs result from getting your loan. Since Firelight Mortgage Consultants is highly experienced with mortgages & closings, we can help you understand your closing costs.
Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on Firelight Mortgage Consultants's experience with mortgage loans, but costs often change a little bit between the Loan Estimate (LE) and closing. We go over Loan Estimates with buyers every day, so we are 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, 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
Getting YourCredit Report Interest Payment Escrow Fees Various TaxesCosts related to "originating" your loan Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Fee
Transfer Taxes & Recording Fees Insurance
Title Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI)
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