"Closing Costs" are the fees which pay for the various services involved in the sale of a home. Buyers & sellers almost always negotiate the payment of these closing costs.
As the list below indicates, many of the closing costs result from getting your mortgage loan. Since Bright Vision Mortgage is highly experienced with closings & mortgages, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This cost estimate is based on our past experience. Please note that while our LEs are very accurate, we can't always predict your costs to the penny. We explain LEs with buyers every day, so we are happy to answer any questions you have about closing costs.
Below you'll find a generic list of costs for buying a home. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Loan Origination Fee Points — lower your mortgage interest rate (optional) Appraisal Fee Credit Report Up-front Interest Payment Escrow Fees Taxes Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Quake Insurance
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