"Closing Costs" are the fees that cover various services involved in the sale of a house. Buyers and sellers often negotiate to decide how to share these closing costs.
As indicated below, many of the costs result from getting your loan. Since Triumph Mortgage Inc has extensive experience with closings & mortgages, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on Triumph Mortgage Inc's experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We handle questions about closing costs every day at Triumph Mortgage Inc, so please be sure to contact us if you have questions.
Below you'll find a generic 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 Various TaxesLoan-related costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Escrow Account Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Quake Insurance if applicable
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