Good Faith Estimate
Buyers will receive a “Good Faith Estimate” of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer’s past experience and may not include all the closing costs. I am happy to review the Good Faith Estimate and provide comment based on my experience.Standard Closing Costs
Loan-Related Costs:
- Loan origination fee
- Points (if applicable)
- Appraisal fee
- Credit report
- Interest payment
- Escrow fee.
- Prorated property taxes
- Transfer taxes
- Recording fees.
- Homeowners insurance
- Flood or earthquake insurance
- Private mortgage insurance (“PMI”)
- Title insurance.