Don't Forget Closing Costs

"Closing Costs" are the fees that pay for various services involved in the sale of a home. Sellers and buyers almost always negotiate the payment of these closing costs.

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

Loan Estimates (LEs)

Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on The Elite Lending Team at Milestone Mortgage Corporation
NMLS# 133260's experience with mortgage loans, but costs usually vary by small amounts between the Loan Estimate (LE) and closing. We review Loan Estimates with buyers every day, so we are happy to answer any questions you have about closing costs.

Below is a general list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Points — lower your mortgage interest rate (optional)
• Appraisal Costs
• Pulling Your Credit Report
• Interest Payment
• Escrow Account
• Various Taxes
• Loan-related costs

Property Taxes

• Transfer Taxes and Recording Fees
• Insurance

Homeowners Insurance

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

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