Every home sale involves certain fixed costs. Buyers and sellers customarily share these closing costs, as the sales contract specifies.
Many of the closing costs associated with buying residential real estate are associated with getting the loan. Since Secure Mortgage Company is highly experienced with mortgages & closings, we often explain the details of closing costs.
Very soon after you apply for a loan, we will provide you with a "Loan Estimate" of your costs. The closing costs specified in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually change a little bit between the LE and closing. We explain Loan Estimates with buyers every day, so we'd be glad to answer the you have about closing costs.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Secure Mortgage Company, 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 Account TaxesCosts associated with "originating" your loan Points — lower your interest rate (optional) Appraisal Fee Pulling Your Credit Report Interest Payment Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance
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