Your Closing Costs
Every home sale involves costs. Buyers and sellers usually split these costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying a home are associated with getting the mortgage. Since Financial Edge Mortgage Corp. has extensive experience with mortgages & closings, we are closing cost experts.
Good Faith Estimates (GFEs)
Buyers get a "Good Faith 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 GFEs are very precise, we cannot always predict your closing costs to the penny. We answer questions about these costs every day at Financial Edge Mortgage Corp., so please feel free to ask if we can help answer your questions.
We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your loan application. At Financial Edge Mortgage Corp., we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
- Credit Report
- Up-front Interest Payment
- Escrow Fees
- Various Taxes
- Loan-related costs
- Points — A fee paid to lower your mortgage interest rate (optional)
- Appraisal Costs
- Recording Fees & Transfer Taxes
- Title Insurance
- Flood or Earthquake Insurance
- Private Mortgage Insurance (PMI)
Financial Edge Mortgage Corp. can help you understand closing costs. Call us at 425-508-9988.
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