"Closing Costs" are the fees that pay for various services involved in the sale of a home. Buyers & sellers usually negotiate these costs.
As the list below indicates, many of the costs result from getting your loan. Since South County Mortgage has extensive experience with mortgages and closings, we are closing cost experts.
Very shortly after you apply for a loan, we'll give you a "Good Faith Estimate" of your closing costs. The closing costs specified in the GFE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the Good Faith Estimate (GFE) and closing. We answer buyers' questions about closing costs every day at South County Mortgage, so please be sure to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your loan application. At South County Mortgage, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Escrow Account Various TaxesCosts associated with "originating" your loan Points — A fee paid to lower your interest rate (optional) Appraisal Fee Obtaining Your Credit Report Interest Payment
Transfer Taxes and Recording Fees Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance if applicable
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