Don't Forget Closing Costs

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

As indicated below, many of the buyer's costs are related to the costs of getting the loan. Since Victoria Capital Mortgage Company is highly experienced with mortgages & closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the Loan Estimate (LE) and closing. We handle questions about these costs every day at Victoria Capital Mortgage Company, so please feel free to contact us if you have questions.

Below you'll find a generic list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Escrow Fees
• Various Taxes
• Loan Origination Fee
• Points — A fee paid to lower your mortgage interest rate (optional)
• Appraisal Fee
• Pulling Your Credit Report
• Up-front Interest Payment

Property Taxes

• Recording Fees and Transfer Taxes
• Insurance

Homeowners Insurance

• Title Insurance
• Flood / Earthquake Insurance if applicable
• Private Mortgage Insurance (PMI)

Victoria Capital Mortgage Company can answer questions about these closing costs. Give us a call at 4083990103.