Your Closing Costs

"Closing Costs" are the fees which pay for the various services involved in the sale of a house. Sellers & buyers almost always negotiate the payment of these costs.

Many of the closing costs associated with buying a home are associated with getting a mortgage. At The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on mortgage-related costs in your "Loan Estimate".

The Loan Estimate (Also known as the LE)

Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260's experience with mortgage loans, but costs often change a little bit between the Loan Estimate (LE) and closing. We field buyers' questions about these costs every day at The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260, so don't hesitate to contact us if you have questions.

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

Standard Closing Costs

Loan-Related Costs

• Obtaining YourCredit Report
• Up-front Interest Payment
• Escrow Fees
• Various Taxes
• Loan-related costs
• Points — lower your mortgage interest rate (optional)
• Appraisal Fee

Property Taxes

• Transfer Taxes & Recording Fees
• Insurance

Homeowners Insurance

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

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