Don't Forget Closing Costs
There are certain standard costs related to closing the sale of a house. Buyers and sellers usually share these closing costs, as specified in the sales contract.
Many of the costs associated with buying a home are associated with getting the loan. Since New Millennium Mortgage Co. NMLS: 331173 has extensive experience with closings & mortgages, we are closing cost experts.
The Loan Estimate (LE)
Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your closing costs. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we can't always predict your closing costs to the penny. We go over LEs with buyers every day, so we will be happy to answer the you have about closing costs.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your application. At New Millennium Mortgage Co. NMLS: 331173, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
- Various Taxes
- Loan Origination Fee
- Points — lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Fees
- Transfer Taxes & Recording Fees
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
New Millennium Mortgage Co. NMLS: 331173 can help you understand closing costs. Call us at (941) 366-5800.
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