"Closing Costs" are the fees that pay for the various services involved when you sell or buy a house. Sellers and buyers often negotiate these costs.
As you'll see below, many of the closing costs result from getting your mortgage. Since Executive Lending Group has extensive experience with mortgages & closings, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the LE and closing. We answer questions about closing costs every day at Executive Lending Group, so don't hesitate to contact us if we can help answer your questions.
We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, soon after you have completed your loan application. At Executive 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 Appraisal Fee Getting Your Credit Report Up-front Interest Payment Escrow Fees Various TaxesLoan Origination Fee Points — lower your mortgage interest rate (optional) Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Title Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI)
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