What are Closing Costs?
"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. Buyers & sellers negotiate to determine who will pay different portions of these closing costs.
As the list below indicates, many of the costs result from getting your mortgage loan. Since Chattahoochee Residential Mortgage, LLC is highly experienced with mortgages & closings, we can help you understand your closing costs.
Loan Estimates (LEs)
Soon after you submit your application, we will provide you with the "Loan Estimate" of your costs. This cost estimate comes out of our past experience. It's important to note that while our LEs are very precise, we can't always predict costs to the penny. We answer buyers' questions about these costs every day at Chattahoochee Residential Mortgage, LLC, so don't hesitate to contact us if you have questions.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your loan application. At Chattahoochee Residential Mortgage, LLC, 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
- Appraisal Costs
- Credit Report
- Interest Payment
- Escrow Account
- Various Taxes
- Loan-related costs
- Points — These are costs you pay up-front to lower your interest rate (optional)
Property Taxes
- Recording Fees & Transfer Taxes
- Insurance
Homeowners Insurance
- Title Insurance
- Flood / Earthquake Insurance
- Private Mortgage Insurance (PMI)
At Chattahoochee Residential Mortgage, LLC, we answer questions about closing costs every day. Give us a call at 4702755627.