About Closing Costs
"Closing Costs" are the fees which pay for various services involved when you sell or buy a house. Sellers and buyers almost always negotiate the payment of these closing costs.
As you'll see below, many of the closing costs result from getting your mortgage loan. Since Turnkey Mortgage Group - NMLS#70160
David Yeary, Mortgage Loan Originator NMLS#1837725 is highly experienced with mortgages & closings, we are closing cost experts.
Loan Estimate (LE)
Very soon after you submit your application, we'll give you a "Loan Estimate" of your closing costs. The cost estimate is based on our past experience. Please note that while our LEs are very precise, we cannot always estimate your closing costs to the penny. We field buyers' questions about these costs every day at Turnkey Mortgage Group - NMLS#70160
David Yeary, Mortgage Loan Originator NMLS#1837725, so don't hesitate to contact us if you have questions.
Below is a generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
- Escrow Fees
- Loan Origination Fee
- Points — A fee paid to lower your mortgage interest rate (optional)
- Appraisal Costs
- Getting Your Credit Report
- Interest Payment
- Recording Fees & Transfer Taxes
- Title Insurance
- Flood / Earthquake Insurance if applicable
- Private Mortgage Insurance (PMI)
Turnkey Mortgage Group - NMLS#70160
David Yeary, Mortgage Loan Originator NMLS#1837725 can help you understand closing costs. Give us a call: 7133252099.