Don't Forget Closing Costs
There are certain standard costs associated with closing the sale of a house. Sellers and buyers usually split these costs, as specified in the sales contract.
Many of the costs associated with buying a home are associated with getting the mortgage. Since Sky Apply Mortgage, Inc is highly experienced with mortgages & closings, we are closing cost experts.
Loan Estimates (LEs)
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the Loan Estimate (LE) and closing. We field questions about closing costs every day at Sky Apply Mortgage, Inc, so please feel free to ask if we can help answer your questions.
Below is a fairly generic list of closing costs. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
Loan-Related Costs
- Up-front Interest Payment
- Escrow Fees
- Taxes
- Costs associated with "originating" your loan
- Points — lower your mortgage interest rate (optional)
- Appraisal Fee
- Credit Report
Property Taxes
- Insurance
- Recording Fees & Transfer Taxes
Homeowners Insurance
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Sky Apply Mortgage, Inc can answer questions about these closing costs. Give us a call: (813) 200-7931.