Don't Forget Closing Costs

Certain standard costs are related to closing the sale of a house. Sellers and buyers customarily split these closing costs, as specified in the real estate sales contract.

Many of the costs associated with buying residential real estate are associated with getting a mortgage loan. Since The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260 has extensive experience with mortgages & closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Very soon after you apply for a loan, we'll give you the "Loan Estimate" of your costs. We base this closing cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we can't always estimate your costs to the penny. We will be glad to review the "Loan Estimate," answering questions and pointing out costs that can vary a little bit at the closing table.

We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

• Credit Report
• Up-front Interest Payment
• Escrow Fees
• Taxes
• Costs associated with "originating" your loan
• Points — lower your interest rate (optional)
• Appraisal Costs

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

• Flood or Earthquake Insurance
• Private Mortgage Insurance (PMI)
• Title Insurance

At The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260, we answer questions about closing costs every day. Call us: 5613734149.