Don't Forget Closing Costs
All residential real estate transactions involves fixed costs. Buyers and sellers almost always share these costs, as the sales contract specifies.
As indicated below, many of the buyer's costs are related to the costs of originating the loan. Since Executive Lending Group, LLC has extensive experience with mortgages and closings, we are closing cost experts.
The Good Faith Estimate (Also know as the GFE)
Buyers get a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. This cost estimate comes out of the loan officer's past experience. Please note that while our GFEs are very precise, we cannot always estimate your closing costs to the penny. We go over GFEs with buyers almost every day, so we'd be glad to answer your questions about closing costs.
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 Executive Lending Group, LLC, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
- Escrow Fees
- Costs associated with "originating" your loan
- Points — lower your interest rate (optional)
- Appraisal Costs
- Credit Report
- Interest Payment
- Recording Fees & Transfer Taxes
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood / Quake Insurance
Executive Lending Group, LLC can answer questions about these closing costs. Give us a call at (816) 525-8000 & (81.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.