How do Closing Costs Work?

Every home sale involves certain costs. Buyers and sellers usually share these costs, as specified in the real estate sales contract.

Many of the closing costs associated with buying a home are associated with getting the mortgage loan. Since Curtis Mortgage LLC has extensive experience with closings and mortgages, we are closing cost experts.

Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we will provide you with a "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on our experience with mortgage loans, but costs usually change a little bit between delivery of the Loan Estimate (LE) and closing. We field buyers' questions about these costs every day at Curtis Mortgage LLC, so please feel free to ask if you have questions.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your application. At Curtis Mortgage LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

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

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

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

At Curtis Mortgage LLC, we answer questions about closing costs every day. Call us: 610-565-3600.