Mortgage Closing Costs
There are many costs associated with buying or refinancing a home. Here is a list of some of the possible closing costs:
Origination Fee: Broker
Credit Report Fee: Broker/ Lender
Processing Fee: Broker/ Lender
Admin Fee: Broker/ Lender
Underwriting Fee: Lender
Doc Prep Fee: Lender/ Title
Owners Title Policy: Title
Buyers Title Policy: Title
Escrow Fee: Title
Recording Fees: Title
Survey: Survey Company
Appraisal: Appraisal Company
Escrow Waiver Fee: Lender
HOA Fee: HOA
Closing costs are part of the loan closing process and the items listed above are only examples of closing costs and may or may not be required on your home loan.
THERE IS NO SUCH THING AS A FREE LOAN
If you are working with a lender who says there are no closing costs they are either rolling them into the loan or into your interest rate. There is no such thing as a free loan.
It's extremely important to compare Apples to Apples when looking at other lenders. We list every possible fee that could be charged when giving you a closing cost estimate. Many other lenders only list lender fees and then tell you to contact the title company and other loan agents involved in the closing in order to get their fees. You will be sorely disappointed when you are expecting a certain amount of money to close and then the other lender springs a much larger number on you at closing.
We work by referrals and your business is extremely important to us. We will be straight forward and deliver what we promise every time with every client.