Your Closing Costs

"Closing Costs" are the fees that pay for the various services involved in the sale of a house. Buyers and sellers almost always negotiate to decide how to share these closing costs.

As you'll see below, many of the costs result from getting your loan. At Tenby J. Dahman The Dahman Team , we are highly experienced in mortgage lending, so we can compile a comprehensive report on mortgage-related costs in your "Loan Estimate".

Loan Estimates (LEs)

Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs usually change by small amounts between delivery of the LE and closing. We explain Loan Estimates with buyers every day, so we'd be glad to answer the you have about closing costs.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Tenby J. Dahman The Dahman Team , 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

• Escrow Account
• Various Taxes
• Costs related to "originating" your loan
• Points — A fee paid to lower your interest rate (optional)
• Appraisal Fee
• Credit Report
• Interest Payment

Property Taxes

• Transfer Taxes and Recording Fees
• Insurance

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood or Quake Insurance if applicable

At Tenby J. Dahman The Dahman Team , we answer questions about closing costs every day. Give us a call: 3038627760.