About Closing Costs
Chandler Mortgage LLC can help you understand closing costs. Call us at 480-390-4995.
Certain standard costs are associated with closing the sale of a home. Buyers almost always pay these costs, as specified in the sales contract, however, depending on the contract the seller will have to cover some of the closing costs.
"Closing Costs" are the fees that pay for various services involved in the sale of a home. These fees are either paid out of pocket or indirectly by crediting the loan.
As you'll see below, many of the costs result from getting your loan. Since Chandler Mortgage LLC is highly experienced with mortgages & closings, we are closing cost experts.
The Loan Estimate
Three days after you submit your application, we'll provide you with a Loan Estimate. The Loan Estimate details information like estimated interest rates, payments and fees, closing costs and more. Getting an estimate doesn't mean you've been approved, rather it's the first step toward securing your loan.
We handle buyers' questions about closing costs every day at Chandler Mortgage LLC, so please be sure to contact us 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 complete your loan application. At Chandler 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
- Escrow Account
- Costs related to "originating" your loan
- Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
- Appraisal Costs
- Credit Report
- Up-front Interest Payment
- Transfer Taxes and Recording Fees
- Title Insurance
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
In the market for a mortgage? We will be glad to help! Call us at 480-390-4995. Ready to begin? Apply Online Now