Elite Financing Group can help you understand closing costs. Give us a call: .
Every home sale incurs certain fixed costs. Buyers almost always incur these closing costs, as the real estate sales contract specifies, however, depending on the contract the seller may have to split some of the closing costs.
"Closing Costs" are the fees that cover various services involved when you sell or buy a house. These fees can be paid out of pocket or indirectly by crediting the loan.
As indicated below, many of the buyer's closing costs cover the costs of getting the loan. Since Elite Financing Group is highly experienced with mortgages and closings, we are closing cost experts.
Getting The Loan Estimate
Within three days after you apply for a loan, we will provide you with a Loan Estimate. The Loan Estimate provides you with information like insurance and taxes, closing costs, monthly payments and more. Getting an estimate doesn't mean you've been approved, rather it's the first step toward getting your loan.
We go over estimates with buyers almost every day, so we'd be glad to answer your questions about closing costs.
Below is a generic list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we deliver your estimate.
Standard Closing Costs
- Costs associated with "originating" your loan
- Points — lower your interest rate (optional)
- Appraisal Costs
- Pulling Your Credit Report
- Up-front Interest Payment
- Escrow Fees
- Transfer Taxes and Recording Fees
- Flood / Earthquake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
Searching for a mortgage loan? We'll be glad to answer your questions about our many mortgage solutions! Give us a call today at . Want to get started? Apply Now