Every home sale involves certain costs. Sellers and buyers almost always share these closing costs, as specified in the real estate sales contract.
As the list below indicates, many of the closing costs result from getting your mortgage. At AmeriBest Mortgage, we are highly experienced in mortgage lending, so we can compile a comprehensive report on costs related to your mortgage in your "Loan Estimate".
Very soon after you submit your application, we will provide you with the "Loan Estimate" of your costs. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the LE and closing. We handle questions about closing costs every day at AmeriBest Mortgage, so please be sure to ask if we can help answer your questions.
Below is a generic list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Escrow Account TaxesCosts associated with "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Fee Obtaining Your Credit Report Up-front Interest Payment
InsuranceRecording Fees and Transfer Taxes
Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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