Tuesday, September 27, 2011

Closing Costs, what is really included?


What is included in closing costs and how much does it cost?

Usually closing costs are about 3% of the loan amount, give or take a little bit, depending on lender fees, origination, and third party fees.

Closing costs are made up of various items such as: attorney fees, title insurance, homeowner’s insurance, appraisal fees, interest charges, and lender charges.

Your lender should be able to provide you with a closing cost estimate or Good Faith Estimate to help break down the total cost.

Contact me today for more information and to get qualified for a home loan!

Danielle Hifko
New American Mortgage
910-581-6398

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