Don't forget about closing costs
When you’re planning to buy or refinance, remember that closing costs are a normal part of every transaction. Understanding them early helps avoid surprises at the closing table.
Closing costs are expenses tied to completing a real estate transaction and are typically shared per contract and local custom.
Two Main Categories
Property-Related
| Category | Examples |
|---|
| Property | Title, escrow, recording, taxes, insurance |
| Loan | Origination, appraisal, credit, interest, impounds, Mortgage Insurance (if required) |
Loan Estimate (LE)
After applying, you receive a Loan Estimate that itemizes estimated costs and terms. Certain fees are regulated and compared to your Closing Disclosure.
No Surprises
We review changes with you before closing so you understand adjustments in advance.