Certain standard costs are related to closing the sale of a house. Sellers and buyers customarily share these costs, as the real estate sales contract specifies.
As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. At Sublime Financial, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on costs related to your mortgage in your "Loan Estimate".
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 Loan Estimate are estimated based on Sublime Financial's experience with mortgage loans, but costs usually vary by small amounts between delivery of the LE and closing. We review 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 these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your application. At Sublime Financial, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Credit Report Up-front Interest Payment Escrow Fees Various TaxesCosts related to "originating" your loan Points — lower your interest rate (optional) Appraisal Costs
Recording Fees and Transfer Taxes Insurance
Flood / Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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