Don't Forget Closing Costs

"Closing Costs" are the fees which cover various services involved in the sale of residential real estate. Sellers & buyers usually negotiate to decide how to share these closing costs.

As the list below indicates, many of the costs result from getting your mortgage loan. Since Omni Mortgage Corp. is highly experienced with mortgages & closings, we are closing cost experts.

The Loan Estimate (LE)

Very soon after you submit your application, we'll give you a "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. It's important to note that while our LEs are very accurate, we can't always predict closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes vary a little bit at closing.

Below is a generic list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Fee
  • Pulling YourCredit Report
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance
  • Private Mortgage Insurance (PMI)

Omni Mortgage Corp. can answer questions about these closing costs. Give us a call: 718-441-7000.

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