Don't Forget Closing Costs
"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. Sellers and buyers negotiate to determine who will pay different portions of these costs.
As indicated below, many of the costs result from getting your mortgage. Since Lighthouse Mortgage Company has extensive experience with mortgages and closings, we often explain the details of closing costs.
Loan Estimate (Also known as the LE)
Very shortly after you apply for a loan, we'll provide you with the "Loan Estimate" of your closing costs. We base this closing cost estimate on our many years of past experience.
It's important to note that while our LEs are very accurate, we cannot always estimate closing costs to the penny.
We handle questions about closing costs every day at Lighthouse Mortgage Company, so please feel free to contact us if you have questions.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application.
At Lighthouse Mortgage Company, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Escrow Account | Various Taxes | Loan-related costs | Points — lower your interest rate (optional) | Appraisal Costs | Credit Report | Up-front Interest Payment
Insurance | Transfer Taxes & Recording Fees
Title Insurance | Flood or Quake Insurance | Private Mortgage Insurance (PMI)
At Lighthouse Mortgage Company, we answer questions about closing costs every day.
Call us at (916) 434-8915