"Closing Costs" are the fees which cover various services involved when you sell or buy a house. Sellers and buyers often negotiate these costs.
As you'll see below, many of the costs result from getting your mortgage. Since My FL Home Loans, Inc. is highly experienced with closings and mortgages, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on My FL Home Loans, Inc.'s experience with mortgage loans, but costs usually change a little bit between delivery of the LE and closing. We answer buyers' questions about closing costs every day at My FL Home Loans, Inc., so please be sure to ask if we can help answer your questions.
Below you'll find a generic list of closing costs. We will provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Up-front Interest Payment Escrow Account TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Costs Obtaining YourCredit Report
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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