There are certain standard costs associated with closing the sale of a house. Buyers and sellers almost always share these costs, as specified in the real estate sales contract.
Many of the costs associated with buying a house are associated with getting a mortgage loan. At Nationwide Home Loans, we are highly experienced in mortgage lending, so we can compile a comprehensive list of costs related to your mortgage in your "Loan Estimate".
Soon after you apply for a loan, we will give you the "Loan Estimate" of your costs. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs usually vary a little bit between the Loan Estimate (LE) and closing. We go over LEs with buyers every day, so we'd be glad to answer the you have about closing costs.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Nationwide Home Loans, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Escrow Account TaxesLoan-related costs Points — lower your mortgage interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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