Don't Forget Closing Costs

All residential real estate sales involves certain costs. Buyers and sellers almost always split these costs, as specified in the sales contract.

As you'll see below, many of the buyer's closing costs cover the costs of originating the loan. Since Not Your Average Lender is highly experienced with mortgages and closings, we often explain the details of closing costs.

Loan Estimates (LEs)

Very soon after you apply for a loan, we'll give you the "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on Not Your Average Lender's experience with mortgage loans, but costs usually change a little bit between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes change slightly at closing.

Below is a general list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Costs
  • Getting Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance if applicable

Not Your Average Lender can help you understand closing costs. Give us a call at 9722039033.

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Not Your Average Lender

NMLS# 230028

310 East I30 Suite B107
Garland, TX 75043