"Closing Costs" are the fees that pay for the various services involved when you sell or buy a house. Buyers & sellers almost always negotiate the payment of these costs.
As the list below indicates, many of the closing costs result from getting your loan. Since Executive Lending Group has extensive experience with mortgages & closings, we can help you understand your closing costs.
Soon after you submit your application, we'll provide you with a "Loan Estimate" of your costs. The closing costs enumerated in the LE are estimated based on Executive Lending Group's experience with mortgage loans, but costs often change by small amounts between delivery of the LE and closing. We handle buyers' questions about these costs every day at Executive Lending Group, so please feel free to contact us if we can help answer your questions.
Below is a fairly general list of costs for buying residential real estate. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Points — lower your mortgage interest rate (optional) Appraisal Costs Getting Your Credit Report Up-front Interest Payment Escrow Account Various TaxesLoan Origination Fee Property Taxes Insurance Transfer Taxes and Recording Fees Homeowners Insurance Title Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI)
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.