About Closing Costs
"Closing Costs" are the fees which cover various services involved in the sale of residential real estate. Buyers and sellers almost always negotiate to determine who will pay different portions of these costs.
As indicated below, many of the closing costs result from getting your mortgage. Since Mortgage Headquarters of Missouri, Inc is highly experienced with closings and mortgages, we are closing cost experts.
Loan Estimates (LEs)
Very soon after you apply for a loan, we will give you the "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on Mortgage Headquarters of Missouri, Inc's experience with mortgage loans, but costs often change a little bit between delivery of the LE and closing. We handle questions about closing costs every day at Mortgage Headquarters of Missouri, Inc, so don't hesitate to ask if we can help answer your questions.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your application. At Mortgage Headquarters of Missouri, Inc, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Up-front Interest Payment
- Escrow Fees
- Taxes
- Loan-related costs
- Points — lower your mortgage interest rate (optional)
- Appraisal Costs
- Obtaining YourCredit Report
Property Taxes
- Insurance
- Transfer Taxes & Recording Fees
Homeowners Insurance
- Flood or Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
Mortgage Headquarters of Missouri, Inc can help you understand closing costs. Give us a call: 5733029990.