"Closing Costs" are the fees that cover the various services involved in the sale of a home. Buyers & sellers almost always negotiate the payment of these costs.
Many of the costs associated with buying a home are associated with getting the mortgage loan. At Omni Mortgage Corp., we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. Please note that while our LEs are very precise, we can't always predict closing costs to the penny. We go over Loan Estimates with buyers almost every day, so we'd be glad to answer the you have about closing costs.
Below you'll find a generic list of costs for buying a home. We will provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Appraisal Costs Credit Report Interest Payment Escrow Account TaxesLoan Origination Fee Points — lower your interest rate (optional)
Insurance Transfer Taxes & Recording Fees
Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance if applicable
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