Certain standard costs are associated with closing the sale of a home. Sellers and buyers usually share these closing costs, as specified in the sales contract.
As you'll see below, many of the buyer's costs cover the costs of getting the mortgage loan. Since Nationwide Home Loans is highly experienced with closings & mortgages, we are closing cost experts.
Soon after you apply for a loan, we will provide you with the "Loan Estimate" of your costs. We base this closing cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we cannot always estimate closing costs to the penny. We review LEs with buyers every day, so we are happy to answer your questions about closing costs.
Below is a fairly general list of closing costs. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Appraisal Costs Pulling Your Credit Report Up-front Interest Payment Escrow Fees TaxesLoan-related costs Points — lower your interest rate (optional) Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance if applicable
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