About Closing Costs
JOANNE AHN can answer questions about these closing costs. Give us a call: 415-999-2439.
Certain standard costs are associated with closing the sale of a home. Buyers customarily pay these closing costs, as the real estate sales contract specifies, however, depending on State law the seller will have to cover a portion of the closing costs.
"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. These fees can be paid directly or indirectly by increasing the loan amount or charging a higher interest rate.
Many of the closing costs associated with buying a home are associated with getting the loan. Since JOANNE AHN has extensive experience with mortgages and closings, we are closing cost experts.
The Loan Estimate
Within three days after you apply for a loan, we'll provide you with a Loan Estimate. The Loan Estimate details information like insurance and taxes, closing costs, monthly payments and more. Getting an estimate doesn't mean you've been approved, but it's the first step toward securing your loan.
We will be glad to review the estimate, answering your questions and pointing out costs that can change slightly at closing.
Below is a generic list of closing costs. We will provide a specific list of your closing costs when we give you an estimate.
Standard Closing Costs
- Loan Origination Fee
- Points — lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Up-front Interest Payment
- Escrow Fees
- Transfer Taxes & Recording Fees
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Looking for a mortgage loan? We'll be glad to discuss our mortgage offerings! Give us a call at 415-999-2439. Ready to get started? Apply Now