"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. Sellers & buyers negotiate these costs.
As you'll see below, many of the costs result from getting your loan. Since Wize Mortgage LLC is highly experienced with closings and mortgages, we can help you understand your closing costs.
Very shortly after you submit your application, we will give you a "Loan Estimate" of your costs. The closing costs spelled out in the Loan Estimate are estimated based on Wize Mortgage LLC's experience with mortgage loans, but costs often change by small amounts between the Loan Estimate (LE) and closing. We review LEs with buyers every day, so we will be happy to answer your questions about closing costs.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your application. At Wize Mortgage LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Points — lower your mortgage interest rate (optional) Appraisal Fee Getting Your Credit Report Interest Payment Escrow Account Various TaxesLoan-related costs Property Taxes Insurance Transfer Taxes and Recording Fees Homeowners Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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