Don't Forget Closing Costs
Certain standard costs are associated with closing the sale of a house. Sellers and buyers usually share these costs, as specified in the sales contract.
Many of the closing costs associated with buying a home are associated with getting a mortgage. At New Millennium Mortgage Co. NMLS: 331173, we have extensive experience in mortgage lending, so we can compile a comprehensive report on mortgage-related closing costs in your "Loan Estimate".
Loan Estimates (LEs)
Very shortly after you apply for a loan, we will provide you with a "Loan Estimate" of your closing costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very accurate, we cannot always estimate costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can change slightly at closing.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your application. At New Millennium Mortgage Co. NMLS: 331173, 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
- Appraisal Fee
- Pulling Your Credit Report
- Interest Payment
- Escrow Fees
- Various Taxes
- Loan-related costs
- Points — A fee paid to lower your mortgage interest rate (optional)
Property Taxes
- Transfer Taxes & Recording Fees
- Insurance
Homeowners Insurance
- Flood / Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
New Millennium Mortgage Co. NMLS: 331173 can help you understand closing costs. Call us at (941) 366-5800.