Your Closing Costs
There are certain standard costs associated with closing the sale of a house. Buyers and sellers customarily share these closing costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying residential real estate are associated with getting the loan. Since Ward Kilduff Mortgage is highly experienced with mortgages & closings, we are closing cost experts.
Good Faith Estimates (GFEs)
Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. It's important to note that while our GFEs are very precise, we can't always estimate your closing costs to the penny. We field questions about closing costs every day at Ward Kilduff Mortgage, so please be sure to ask if we can help answer your questions.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At Ward Kilduff Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
- Pulling YourCredit Report
- Interest Payment
- Escrow Account
- Various Taxes
- Loan-related costs
- Points — lower your mortgage interest rate (optional)
- Appraisal Fee
- Transfer Taxes and Recording Fees
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood or Earthquake Insurance if applicable
At Ward Kilduff Mortgage, we answer questions about closing costs every day. Call us at (860) 658-7100.
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