Don't Forget Closing Costs
Certain standard costs are related to closing the sale of a house. Sellers and buyers almost always share these costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying residential real estate are associated with getting a mortgage loan. Since Family Mortgage Company of Hawaii, Inc. NMLS #244497 is highly experienced with closings & mortgages, we are closing cost experts.
Loan Estimate (Also known as the LE)
Soon after you apply for a loan, we'll provide you with the "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we cannot always estimate your closing costs to the penny. We field buyers' questions about these costs every day at Family Mortgage Company of Hawaii, Inc. NMLS #244497, so please be sure to ask if you have questions.
Below is a fairly generic 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
- Up-front Interest Payment
- Escrow Account
- Various Taxes
- Loan-related costs
- Points — lower your mortgage interest rate (optional)
- Appraisal Fee
- Getting YourCredit Report
Property Taxes
- Transfer Taxes and Recording Fees
- Insurance
Homeowners Insurance
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Family Mortgage Company of Hawaii, Inc. NMLS #244497 can answer questions about these closing costs. Call us at (808) 935-0678.