There are certain standard costs associated with closing the sale of a home. Buyers and sellers customarily split these costs, as specified in the real estate sales contract.
As indicated below, many of the closing costs result from getting your loan. At AmeriBest Mortgage, we are highly experienced in mortgage lending, so we can compile a comprehensive list of mortgage-related closing costs in your "Loan Estimate".
Soon after you apply for a loan, we will give you a "Loan Estimate" of your costs. The closing cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very precise, we cannot always predict costs to the penny. We handle buyers' questions about these costs every day at AmeriBest Mortgage, so don't hesitate to contact us if you have questions.
Below you'll find a fairly general list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Appraisal Fee Credit Report Interest Payment Escrow Account Various TaxesCosts related to "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional) Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Flood or Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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