All residential real estate transactions incurs costs. Sellers and buyers almost always share these costs, as the sales contract specifies.
As the list below indicates, many of the costs result from getting your mortgage loan. Since Executive Lending Group has extensive experience with closings & mortgages, we are closing cost experts.
Soon after you apply for a loan, we'll give you a "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on Executive Lending Group's experience with mortgage loans, but costs usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can change slightly at closing.
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 Loan-Related Costs Getting YourCredit Report Up-front Interest Payment Escrow Account Various TaxesLoan-related costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Fee Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Flood or Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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