"Closing Costs" are the fees that cover various services involved in the sale of residential real estate. Buyers & sellers negotiate these closing costs.
As the list below indicates, many of the closing costs result from getting your mortgage. At Southwest Funding #841Company NMLS # 303440, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".
Very soon after you submit your application, we'll give you a "Loan Estimate" of your closing costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We go over LEs with buyers almost every day, so we'd be glad to answer your questions about closing costs.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, 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 Escrow Account Various TaxesCosts associated with "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Fee Getting Your Credit Report Up-front Interest Payment Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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