All residential real estate transactions involves certain fixed costs. Sellers and buyers usually split these costs, as the real estate sales contract specifies.
Many of the costs associated with buying a house are associated with getting the mortgage loan. Since Pacificwide Lending has extensive experience with closings & mortgages, we can help you understand your closing costs.
Soon after you submit your application, we'll give you a "Loan Estimate" of your closing costs. We base this closing cost estimate on our extensive past experience. Please note that while our LEs are very precise, we cannot always estimate costs to the penny. We answer questions about closing costs every day at Pacificwide Lending, so don't hesitate to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Pacificwide Lending, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Costs Obtaining Your Credit Report Interest Payment Escrow Fees Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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