Don't Forget Closing Costs

All residential real estate transactions incurs certain costs. Sellers and buyers almost always share these closing costs, as the real estate sales contract specifies.

As the list below indicates, many of the costs result from getting your mortgage. At ADVISORY MORTGAGE, we have extensive experience in residential mortgage lending, so we can compile a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we will provide you with the "Loan Estimate" of your costs. The closing costs enumerated in the LE are estimated based on ADVISORY MORTGAGE's experience with mortgage loans, but costs often change by small amounts between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that sometimes vary a little bit at the closing table.

Below you'll find a fairly general list of costs for buying a home. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

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

Property Taxes

• Transfer Taxes and Recording Fees
• Insurance

Homeowners Insurance

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

ADVISORY MORTGAGE can help you understand closing costs. Call us at 8102292820.