About Closing Costs
Certain standard costs are associated with closing the sale of a house. Buyers and sellers customarily split these closing costs, as specified in the real estate sales contract.
Many of the costs associated with buying a house are associated with getting a mortgage. At Financial Edge Mortgage Corp., we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".
Loan Estimate (LE)
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The cost estimate is based on the loan officer's past experience. Please note that while our LEs are very precise, we can't always predict closing costs to the penny. We answer buyers' questions about closing costs every day at Financial Edge Mortgage Corp., so please be sure to contact us if you have questions.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Financial Edge Mortgage Corp., we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
- Costs related to "originating" your loan
- Points — lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Fees
- Various Taxes
- Recording Fees and Transfer Taxes
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood / Earthquake Insurance if applicable
Financial Edge Mortgage Corp. can answer questions about these closing costs. Call us: 425-508-9988.
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