Don't Forget Closing Costs

"Closing Costs" are the fees which cover the various services involved when you sell or buy residential real estate. Buyers & sellers almost always negotiate to decide how to share these costs.

As indicated below, many of the buyer's costs are related to the costs of getting the loan. Since Town & Country Home Loans, Inc. has extensive experience with closings and mortgages, we are closing cost experts.

The Loan Estimate (Also known as the LE)

Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very precise, we cannot always predict your costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can vary a little bit at closing.

Below you'll find a fairly generic list of costs for buying residential real estate. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Taxes
• Loan-related costs
• Points — A fee paid to lower your interest rate (optional)
• Appraisal Fee
• Credit Report
• Interest Payment
• Escrow Fees

Property Taxes

• Transfer Taxes and Recording Fees
• Insurance

Homeowners Insurance

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

Town & Country Home Loans, Inc. can help you understand closing costs. Call us at (760)789-9995.