Your Closing Costs

"Closing Costs" are the fees that cover the various services involved in the sale of residential real estate. Sellers & buyers often negotiate the payment of these closing costs.

As you'll see below, many of the buyer's closing costs are related to the costs of originating the mortgage loan. At The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260, we have extensive experience in mortgage lending, so we can provide you with a comprehensive report on mortgage-related closing costs in your "Loan Estimate".

Loan Estimate (Also known as the LE)

Soon after you submit your application, we will give you a "Loan Estimate" of your costs. The cost estimate is based on the loan officer's past experience. Please note that while our LEs are very accurate, we can't always estimate costs to the penny. We handle buyers' questions about these costs every day at The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260, so don't hesitate to ask if you have questions.

Below you'll find a generic list of costs for buying a home. We will provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Points — A fee paid to lower your interest rate (optional)
• Appraisal Fee
• Obtaining Your Credit Report
• Interest Payment
• Escrow Account
• Taxes
• Loan-related costs

Property Taxes

• Insurance
• Transfer Taxes and Recording Fees

Homeowners Insurance

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

The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260 can help you understand closing costs. Call us: 5613734149.