Certain standard costs are related to closing the sale of a home. Buyers and sellers customarily share these costs, as specified in the real estate sales contract.
As indicated below, many of the costs result from getting your mortgage. Since Southwest Funding #841Company NMLS # 303440 has extensive experience with mortgages & closings, we can help you understand your closing costs.
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on Southwest Funding #841Company NMLS # 303440's experience with mortgage loans, but costs usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We go over LEs with buyers almost every day, so we will be happy to answer your questions about closing costs.
We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Southwest Funding #841Company NMLS # 303440, 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 — A fee paid to lower your mortgage interest rate (optional) Appraisal Costs Credit Report Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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