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