Don't Forget Closing Costs
"Closing Costs" are the fees that pay for various services involved in the sale of residential real estate. Buyers and sellers often negotiate to decide how to share these costs.
Many of the closing costs associated with buying a house are associated with getting a mortgage. Since Venta Financial Group Inc. uin 180736 has extensive experience with mortgages and closings, we are closing cost experts.
Good Faith Estimates (GFEs)
Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very precise, we can't always predict costs to the penny. We go over GFEs with buyers every day, so we will be happy to answer any questions you have about closing costs.
Below you'll find a fairly general list of closing costs. We will provide a specific list of your closing costs when we deliver your Good Faith Estimate.
Standard Closing CostsLoan-Related Costs
- Escrow Account
- Loan Origination Fee
- Points — lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Recording Fees and Transfer Taxes
- Flood or Earthquake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
North American Financial nmls#180736, we answer questions about closing costs every day. Call us: (702) 524-1376.
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