About Closing Costs

	Shopping for a mortgage? We can assist you! Give us a call today at 2817780805. Want to get started? Apply Now.

"Closing Costs" are the fees which cover various services involved when you sell or buy a house. Buyers and sellers almost always negotiate to decide how to split these closing costs.

As you'll see below, many of the closing costs result from getting your loan. At 1ST CREDENTIAL MORTGAGE INC, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Good Faith Estimate".

Good Faith Estimate (GFE)

Very shortly after you submit your application, we will give you a "Good Faith Estimate" of your costs. We base this cost estimate on our extensive past experience. It's important to note that while our GFEs are very precise, we cannot always predict closing costs to the penny. We will be glad to review the "Good Faith Estimate," answering your questions and pointing out costs that sometimes vary a little bit at the closing table.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you complete your loan application. At 1ST CREDENTIAL MORTGAGE INC, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

• Points — A fee paid to lower your interest rate (optional)
• Appraisal Costs
• Getting Your Credit Report
• Interest Payment
• Escrow Account
• Taxes
• Loan Origination Fee

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

• Title Insurance
• Flood / Earthquake Insurance
• Private Mortgage Insurance (PMI)

1ST CREDENTIAL MORTGAGE INC can answer questions about these closing costs. Give us a call: 2817780805.