"Closing Costs" are the fees that pay for various services involved when you sell or buy a home. Sellers and buyers usually negotiate the payment of these closing costs.
As you'll see below, many of the buyer's costs are related to the costs of getting the loan. Since Custom Lending Group is highly experienced with mortgages and closings, we can help you understand your closing costs.
Soon after you apply for a loan, we will give you the "Loan Estimate" of your closing costs. The closing cost estimate is based on the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always predict costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can change slightly at the closing table.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your application. At Custom Lending Group, 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 Escrow Fees TaxesLoan-related costs Points — lower your mortgage interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Property Taxes Insurance Transfer Taxes and Recording Fees Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance if applicable
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.