Certain standard costs are associated with closing the sale of a house. Sellers and buyers usually share these costs, as specified in the real estate sales contract.
Many of the closing costs associated with buying a house are associated with getting a mortgage loan. Since AmeriBest Mortgage is highly experienced with closings and mortgages, we are closing cost experts.
Very shortly after you apply for a loan, we'll give you the "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on AmeriBest Mortgage's experience with mortgage loans, but costs usually vary a little bit between the Loan Estimate (LE) and closing. We go over Loan Estimates with buyers every day, so we'd be glad to answer your questions about closing costs.
We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your application. At AmeriBest Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Pulling YourCredit Report Up-front Interest Payment Escrow Fees TaxesLoan-related costs Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Costs
Transfer Taxes and Recording Fees Insurance
Title Insurance Flood or Earthquake Insurance Private Mortgage Insurance (PMI)
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