All residential real estate sales incurs certain costs. Buyers and sellers almost always share these costs, as the sales contract specifies.
Many of the costs associated with buying a house are associated with getting a mortgage. Since Pacificwide Lending has extensive experience with mortgages and closings, we are closing cost experts.
Very shortly after you apply for a loan, we'll provide you with the "Loan Estimate" of your costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes vary a little bit at closing.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete your application. At Pacificwide Lending, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Interest Payment Escrow Account TaxesLoan-related costs Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Costs Credit Report Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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