"Closing Costs" are the fees that pay for the various services involved in the sale of a home. Sellers & buyers often negotiate the payment of these costs.
As indicated below, many of the buyer's closing costs cover the costs of getting the mortgage loan. Since Pacificwide Lending has extensive experience with mortgages & closings, we are closing cost experts.
Soon after you submit your application, we'll provide you with the "Loan Estimate" of your costs. We base this closing cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we can't always estimate closing costs to the penny. We answer buyers' questions about these costs every day at Pacificwide Lending, so please feel free to contact us if you have questions.
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 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 Escrow Account Various TaxesCosts related to "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Property Taxes Insurance Transfer Taxes and Recording Fees Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance if applicable
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