"Closing Costs" are the fees that cover various services involved in the sale of a house. Sellers & buyers almost always negotiate the payment of these costs.
As indicated below, many of the closing costs result from getting your mortgage loan. Since Custom Lending Group is highly experienced with mortgages & closings, we often explain the details of closing costs.
Very shortly after you apply for a loan, we'll give you the "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very accurate, we cannot always predict closing costs to the penny. We answer buyers' questions about closing costs every day at Custom Lending Group, so please feel free to contact us if you have questions.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your application. At Custom Lending Group, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Fees TaxesLoan Origination Fee Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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