"Closing Costs" are the fees which pay for various services involved in the sale of a house. Buyers & sellers usually negotiate to determine who will pay different portions of these costs.
As indicated below, many of the buyer's costs are related to the costs of getting the mortgage loan. Since Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655 has extensive experience with mortgages & closings, we often explain the details of closing costs.
Soon after you submit your application, we will give you a "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can change slightly at closing.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Points — lower your interest rate (optional) Appraisal Fee Pulling Your Credit Report Interest Payment Escrow Account TaxesLoan Origination Fee
Transfer Taxes and Recording Fees Insurance
Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.