All residential real estate sales involves fixed costs. Buyers and sellers almost always split these costs, as the sales contract specifies.
As the list below indicates, many of the costs result from getting your mortgage loan. At Mortgage Headquarters of Missouri, Inc, we are highly experienced in residential mortgage lending, so we can compile a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often change a little bit between delivery of the LE and closing. We review Loan Estimates with buyers almost every day, so we'd be glad to answer any questions you have about closing costs.
Below you'll find a fairly general list of costs for buying a home. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Credit Report Up-front Interest Payment Escrow Fees TaxesCosts associated with "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Costs Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Flood / Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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