"Closing Costs" are the fees which pay for the various services involved in the sale of a home. Sellers and buyers almost always negotiate the payment of these costs.
Many of the closing costs associated with buying a house are associated with getting the mortgage loan. Since Wize Mortgage LLC has extensive experience with mortgages & closings, we are closing cost experts.
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we cannot always estimate your costs to the penny. We review LEs with buyers every day, so we are happy to answer your questions about closing costs.
We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Wize Mortgage LLC, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Account Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Title Insurance Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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