Every home sale incurs certain costs. Buyers and sellers almost always share these costs, as specified in the real estate sales contract.
Many of the costs associated with buying a house are associated with getting a mortgage. Since AmeriBest Mortgage is highly experienced with closings and mortgages, we are closing cost experts.
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on AmeriBest Mortgage's experience with mortgage loans, but costs usually vary a little bit between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes change slightly at the closing table.
Below you'll find a general list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Escrow Account TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Fee Getting Your Credit Report Up-front Interest Payment Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Title Insurance Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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