Don't Forget Closing Costs

"Closing Costs" are the fees that pay for various services involved in the sale of a house. Sellers & buyers often negotiate the payment of these closing costs.

As indicated below, many of the buyer's costs cover the costs of getting the loan. Since Tenby J. Dahman The Dahman Team is highly experienced with mortgages and closings, we can help you understand your closing costs.

Loan Estimate (LE)

Very soon after you apply for a loan, we will provide you with the "Loan Estimate" of your closing costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the LE and closing. We field questions about these costs every day at Tenby J. Dahman The Dahman Team , so please be sure to contact us if you have questions.

We've provided a general list of these costs below, but we'll give 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

• Up-front Interest Payment
• Escrow Fees
• Taxes
• Loan-related costs
• Points — A fee paid to lower your interest rate (optional)
• Appraisal Costs
• Credit Report

Property Taxes

• Insurance
• Transfer Taxes and Recording Fees

Homeowners Insurance

• Title Insurance
• Flood / Quake Insurance
• Private Mortgage Insurance (PMI)

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