About Closing Costs
Every home sale involves fixed costs. Sellers and buyers almost always share these closing costs, as the real estate sales contract specifies.
As indicated below, many of the buyer's costs cover the costs of getting the loan. Since Financial Edge Mortgage Corp. is highly experienced with mortgages & closings, we are closing cost experts.
Loan Estimates (LEs)
Very soon after you submit your application, we'll give you a "Loan Estimate" of your closing costs. 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 closing costs to the penny. We answer questions about these costs every day at Financial Edge Mortgage Corp., so please be sure to ask if we can help answer your questions.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed 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
- Loan Origination Fee
- Points — lower your interest rate (optional)
- Appraisal Costs
- Getting Your Credit Report
- Up-front Interest Payment
- Escrow Account
- Recording Fees & Transfer Taxes
- Title Insurance
- Flood or Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
Financial Edge Mortgage Corp. can help you understand closing costs. Call us at 425-508-9988.
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