"Closing Costs" are the fees that cover the various services involved in the sale of a house. Sellers & buyers negotiate to decide how to share these costs.
Many of the costs associated with buying a home are associated with getting a mortgage loan. Since AmeriBest Mortgage is highly experienced with closings & mortgages, we are closing cost experts.
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on our past experience. It's important to note that while our LEs are very accurate, we cannot always estimate costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can vary a little bit at the closing table.
Below is a general list of closing costs. We will provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Loan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Fees Various Taxes
Insurance Transfer Taxes & Recording Fees
Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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