Don't Forget Closing Costs

"Closing Costs" are the fees which pay for various services involved in the sale of a house. Sellers and buyers negotiate the payment of these costs.

Many of the closing costs associated with buying a house are associated with getting a mortgage loan. Since Home Pointe Mortgage Company has extensive experience with mortgages & closings, we can help you understand your closing costs.

The Loan Estimate (LE)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. Please note that while our LEs are very precise, we can't always predict costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at the closing table.

Below you'll find a general list of costs for buying a home. We will provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Appraisal Fee
• Obtaining Your Credit Report
• Interest Payment
• Escrow Fees
• Various Taxes
• Loan Origination Fee
• Points — lower your interest rate (optional)

Property Taxes

• Insurance
• Recording Fees & Transfer Taxes

Homeowners Insurance

• Title Insurance
• Flood / Earthquake Insurance if applicable
• Private Mortgage Insurance (PMI)

Home Pointe Mortgage Company can answer questions about these closing costs. Give us a call: 7702202800.