Don't Forget Closing Costs
There are certain standard costs related to closing the sale of a house. Sellers and buyers customarily share these closing costs, as specified in the sales contract.
Many of the costs associated with buying a home are associated with getting a mortgage. Since Strategic Home Loans, Inc. is highly experienced with mortgages & closings, we are closing cost experts.
Good Faith Estimates (GFEs)
Very shortly after you apply for a loan, we'll give you a "Good Faith Estimate" of your costs. The closing costs enumerated in the GFE are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the Good Faith Estimate (GFE) and closing. We answer buyers' questions about closing costs every day at Strategic Home Loans, Inc., so don't hesitate to contact us if you have questions.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Strategic Home Loans, Inc., we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
- Various Taxes
- Loan Origination Fee
- Points — These are costs you pay up-front to lower your interest rate (optional)
- Appraisal Fee
- Getting Your Credit Report
- Interest Payment
- Escrow Fees
- Recording Fees and Transfer Taxes
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
At Strategic Home Loans, Inc., we answer questions about closing costs every day. Call us at (805) 496-7500.