"Closing Costs" are the fees that cover the various services involved when you sell or buy a house. Sellers & buyers often negotiate these closing costs.
As indicated below, many of the buyer's closing costs are related to the costs of getting the loan. At Executive Lending Group, we are highly experienced in mortgage lending, so we can compile a comprehensive report on mortgage-related costs in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very precise, we can't always estimate your closing costs to the penny. We review Loan Estimates with buyers every day, so we are happy to answer any questions you have about closing costs.
We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete your 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
Appraisal Costs Credit Report Up-front Interest Payment Escrow Account Various TaxesCosts associated with "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional)
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood or 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.