Don't Forget Closing Costs
"Closing Costs" are the fees that cover various services involved when you sell or buy a house. Sellers and buyers often negotiate the payment of these costs.
Many of the closing costs associated with buying a house are associated with getting the mortgage loan. At Family Mortgage Company of Hawaii, Inc. NMLS #244497, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".
Loan Estimate (LE)
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the Loan Estimate are estimated based on Family Mortgage Company of Hawaii, Inc. NMLS #244497's experience with mortgage loans, but costs usually change by small amounts between the Loan Estimate (LE) and closing. We review LEs with buyers every day, so we are happy to answer your questions about closing costs.
Below you'll find a 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
- Appraisal Costs
- Credit Report
- Up-front Interest Payment
- Escrow Account
- Various Taxes
- Loan Origination Fee
- Points — lower your interest rate (optional)
- Transfer Taxes and Recording Fees
- Title Insurance
- Flood or Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
At Family Mortgage Company of Hawaii, Inc. NMLS #244497, we answer questions about closing costs every day. Call us at (808) 935-0678.
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