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Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees that cover the various services involved when you sell or buy a house. Sellers & buyers often negotiate these closing costs.

As the list below indicates, many of the costs result from getting your mortgage loan. Since American Residential Real Estate Financial, Inc. has extensive experience with closings and mortgages, we are closing cost experts.

The Loan Estimate (LE)

Very soon after you submit your application, we'll give you a "Loan Estimate" of your closing costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary a little bit between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes vary a little bit at closing.

Below is a general 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
  • Appraisal Fee
  • Getting Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — lower your interest rate (optional)
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance if applicable

American Residential Real Estate Financial, Inc. can help you understand closing costs. Give us a call: 310-534-6200.

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