Certain standard costs are related to closing the sale of a house. Buyers and sellers customarily split these closing costs, as specified in the sales contract.
As the list below indicates, many of the costs result from getting your loan. Since Greystone Loans, Inc. is highly experienced with closings & mortgages, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always predict closing costs to the penny. We handle questions about closing costs every day at Greystone Loans, Inc., so please be sure to ask if we can help answer your questions.
Below is a general list of closing costs. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Costs related to "originating" your loan Points — A fee paid to lower your interest rate (optional) Appraisal Costs Getting Your Credit Report Up-front Interest Payment Escrow Fees Taxes Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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