Don't Forget Closing Costs

"Closing Costs" are the fees which cover the 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 costs result from getting your mortgage loan. At Town & Country Home Loans, Inc., we have extensive experience in mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".

Loan Estimate (Also known as the LE)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on our experience with mortgage loans, but costs often vary a little bit between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can vary a little bit at closing.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your loan 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

• Getting YourCredit Report
• Interest Payment
• Escrow Fees
• Taxes
• Loan Origination Fee
• Points — A fee paid to lower your mortgage interest rate (optional)
• Appraisal Fee

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

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

Town & Country Home Loans, Inc. can help you understand closing costs. Give us a call: (760)789-9995.