Certain standard costs are associated with closing the sale of a home. Sellers and buyers customarily split these closing costs, as specified in the real estate sales contract.
Many of the closing costs associated with buying residential real estate are associated with getting a mortgage loan. Since Southwest Funding #841Company NMLS # 303440 has extensive experience with mortgages and closings, we are closing cost experts.
Buyers 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 Southwest Funding #841Company NMLS # 303440's experience with mortgage loans, but costs often vary a little bit between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can change slightly at closing.
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 Southwest Funding #841Company NMLS # 303440, 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 Costs associated with "originating" your loan Points — lower your interest rate (optional) Appraisal Fee Pulling Your Credit Report Interest Payment Escrow Fees Various Taxes Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Flood / Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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