Don't Forget Closing Costs

"Closing Costs" are the fees that pay for various services involved in the sale of a house. Buyers & sellers often negotiate these closing costs.

As indicated below, many of the buyer's costs are related to the costs of getting the mortgage loan. At Victoria Capital Mortgage Company, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we will give you a "Loan Estimate" of your costs. The closing costs specified in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the Loan Estimate (LE) and closing. We explain Loan Estimates with buyers every day, so we are happy to answer the you have about closing costs.

Below is a fairly generic list of costs for buying residential real estate. 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

• Interest Payment
• Escrow Account
• Taxes
• Costs associated with "originating" your loan
• Points — lower your mortgage interest rate (optional)
• Appraisal Costs
• Pulling YourCredit Report

Property Taxes

• Recording Fees & Transfer Taxes
• Insurance

Homeowners Insurance

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

At Victoria Capital Mortgage Company, we answer questions about closing costs every day. Give us a call at 4083990103.