"Closing Costs" are the fees that pay for the various services involved when you sell or buy a home. Buyers & sellers often negotiate these closing costs.
Many of the costs associated with buying residential real estate are associated with getting a mortgage. Since Mortgage Headquarters of Missouri, Inc has extensive experience with mortgages and closings, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. We base this closing cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we cannot always predict your closing costs to the penny. We handle buyers' questions about these costs every day at Mortgage Headquarters of Missouri, Inc, so please be sure to ask if we can help answer your questions.
Below you'll find a general list of closing costs. We will always provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Escrow Account TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Costs Credit Report Interest Payment Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Flood / Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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