Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which cover the various services involved when you sell or buy residential real estate. Sellers & buyers negotiate these costs.

As indicated below, many of the buyer's costs are related to the costs of getting the loan. Since Executive Lending Group, LLC is highly experienced with mortgages and closings, we are closing cost experts.

Loan Estimates (LEs)

Very shortly after you submit your application, we will give you a "Loan Estimate" of your costs. The closing costs enumerated in the Loan Estimate are estimated based on Executive Lending Group, LLC's experience with mortgage loans, but costs usually vary by small amounts between the LE and closing. We answer buyers' questions about closing costs every day at Executive Lending Group, LLC, so don't hesitate to ask if you have questions.

Below is a fairly general list of closing costs. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Appraisal Costs
• Obtaining Your Credit Report
• Up-front Interest Payment
• Escrow Fees
• Taxes
• Loan Origination Fee
• Points — lower your mortgage interest rate (optional)

Property Taxes

• Insurance
• Recording Fees & Transfer Taxes

Homeowners Insurance

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

Executive Lending Group, LLC can help you understand closing costs. Give us a call: 8165258000.