About Closing Costs

"Closing Costs" are the fees which cover the various services involved in the sale of residential real estate. Sellers and buyers often negotiate the payment of these costs.

As you'll see below, many of the closing costs result from getting your mortgage. Since Town & Country Home Loans, Inc. has extensive experience with mortgages & closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Very soon after you submit your application, we will provide you with the "Loan Estimate" of your closing costs. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we cannot always predict costs to the penny. We answer questions about closing costs every day at Town & Country Home Loans, Inc., so please feel free to ask if you have questions.

We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, soon after you have completed your application. At Town & Country 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

Loan-Related Costs

• Appraisal Costs
• Credit Report
• Interest Payment
• Escrow Fees
• Taxes
• Loan-related costs
• Points — These are costs you pay up-front to lower your mortgage interest rate (optional)

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

• Flood / Quake Insurance if applicable
• Private Mortgage Insurance (PMI)
• Title Insurance

At Town & Country Home Loans, Inc., we answer questions about closing costs every day. Call us: (760)789-9995.