Laser Lending can help you understand closing costs. Give us a call: 801.999.0493.
There are certain standard costs associated with closing the sale of a house. Buyers customarily incur these costs, as the real estate sales contract specifies, however, depending on the contract the seller may have to split some of the closing costs.
"Closing Costs" are the fees which pay for various services involved when you sell or buy a house. These fees might be paid directly or indirectly by increasing the loan amount or charging a higher interest rate.
As indicated below, many of the costs result from getting your mortgage. Since Laser Lending is highly experienced with mortgages and closings, we are closing cost experts.
Getting The Loan Estimate
Three days after you apply for a loan, we will provide you with a Loan Estimate. The Loan Estimate provides you with information like closing costs, taxes, insurance, estimated interest rate monthly payment and more. This estimate is not an approval, rather it's the first step toward getting your loan.
We review estimates with buyers almost every day, so we'd be glad to answer your questions 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, very soon after you have completed your loan application. At Laser Lending, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
- Interest Payment
- Escrow Account
- Loan Origination Fee
- Points — lower your interest rate (optional)
- Appraisal Fee
- Pulling YourCredit Report
- Recording Fees & Transfer Taxes
- Flood / Earthquake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Looking for a mortgage loan? We'd be thrilled to answer your questions about your mortgage needs! Give us a call today at 801.999.0493. Ready to get started? Apply Online Now