Every home sale incurs certain fixed costs. Buyers and sellers customarily share these closing costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying a home are associated with getting the loan. At Mortgage Headquarters of Missouri, Inc, we are highly experienced in mortgage lending, so we can compile a comprehensive report on costs related to your mortgage in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. This cost estimate is based on the loan officer's past experience. Please note that while our LEs are very precise, we can't always predict costs to the penny. We handle questions about these costs every day at Mortgage Headquarters of Missouri, Inc, so don't hesitate to contact us if you have questions.
Below is a general list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Escrow Fees TaxesLoan-related costs Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Fee Obtaining Your Credit Report Interest Payment Property Taxes Recording Fees & Transfer Taxes Insurance Homeowners Insurance Title Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI)
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