Every home sale involves fixed costs. Sellers and buyers customarily split these costs, as specified in the real estate sales contract.
As indicated below, many of the buyer's closing costs are related to the costs of getting the loan. Since AmeriBest Mortgage is highly experienced 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. We base this closing cost estimate on our many years of past experience. Please note that while our LEs are very precise, we can't always estimate your closing costs to the penny. We go over Loan Estimates with buyers almost every day, so we are happy to answer your questions about closing costs.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At AmeriBest Mortgage, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Loan-related costs Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Costs Getting Your Credit Report Interest Payment Escrow Fees Various Taxes Property Taxes Transfer Taxes and Recording Fees Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Quake Insurance if applicable
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