There are certain standard costs associated with closing the sale of a home. Sellers and buyers usually share these closing costs, as specified in the sales contract.
Many of the costs associated with buying residential real estate are associated with getting a mortgage loan. Since Wize Mortgage LLC has extensive experience with mortgages and closings, we are closing cost experts.
Soon after you apply for a loan, we will give you the "Loan Estimate" of your closing costs. The closing costs enumerated in the Loan Estimate are estimated based on Wize Mortgage LLC's experience with mortgage loans, but costs often vary by small amounts between the Loan Estimate (LE) and closing. We explain LEs with buyers every day, so we will be happy to answer your questions about closing costs.
Below is a general list of closing costs. We will provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Appraisal Fee Obtaining Your Credit Report Up-front Interest Payment Escrow Fees Various TaxesLoan Origination Fee Points — A fee paid to lower your mortgage interest rate (optional) Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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