About Closing Costs
At Agape Mortgages Inc, we answer questions about closing costs every day. Give us a call: 503-253-3299.
There are certain standard costs related to closing the sale of a home. Buyers almost always incur these costs, as specified in the sales contract, however, depending on the contract the seller may be required to pay some of the closing costs.
"Closing Costs" are the fees which cover various services involved in the sale of residential real estate. These fees might be paid out of pocket or indirectly by crediting the loan.
Many of the costs associated with buying a home are associated with getting a mortgage. At Agape Mortgages Inc, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your estimate.
Getting The Loan Estimate
Buyers will receive a Loan Estimate by three days from when the loan application is submitted to the lender. The Loan Estimate lays out information like insurance and taxes, closing costs, monthly payments and more. This estimate is not an approval, but it's the first step toward securing your loan.
We will be glad to review the estimate, answering your questions and highlighting costs that can vary a little bit at the closing table.
We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Agape Mortgages Inc, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
- Appraisal Fee
- Getting Your Credit Report
- Interest Payment
- Escrow Fees
- Loan Origination Fee
- Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
- Transfer Taxes & Recording Fees
- Flood / Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
Are you looking for a new mortgage loan? We'll be glad to talk about your mortgage needs! Give us a call at 503-253-3299. Want to get started? Apply Online Now