"Closing Costs" are the fees that cover the various services involved when you sell or buy residential real estate. Sellers & buyers negotiate the payment of these closing costs.
As indicated below, many of the costs result from getting your mortgage loan. Since SLI Mortgage, LLC has extensive experience with closings & mortgages, we are closing cost experts.
Very soon after you apply for a loan, we will give you a "Good Faith Estimate" of your closing costs. We base this closing cost estimate on our extensive past experience. Please note that while our GFEs are very accurate, we can't always estimate closing costs to the penny. We will be glad to review the "Good Faith Estimate," answering questions and highlighting costs that sometimes change slightly at closing.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At SLI Mortgage, LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Interest Payment Escrow Fees TaxesCosts associated with "originating" your loan Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Obtaining YourCredit Report
Transfer Taxes and Recording Fees Insurance
Title Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI)
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