Don't Forget Closing Costs

There are set rules which govern closing costs, they may be borrower or seller paid or a combination of both.
Prestige Home Mortgage can help you understand closing costs. Give us a call: 360-576-1920. 

All residential real estate sales involves fixed costs. Buyers customarily incur these costs, as specified in the sales contract, however, depending on State law the seller may have to split a portion of the closing costs. "Closing Costs" are the fees which pay for various services involved in the sale of a house. These fees are either paid directly or indirectly by crediting the loan.

Many of the closing costs associated with buying a house are associated with getting the loan. At Prestige Home Mortgage, we are highly experienced in mortgage lending, so we can compile a comprehensive report on closing costs related to your mortgage in your estimate.

The Loan Estimate

Three days after you apply for a loan, we will give you a Loan Estimate. The Loan Estimate lays out information like closing costs, taxes, insurance, estimated interest rate monthly payment and more. Getting an estimate doesn't mean you've been approved, rather it's the first step toward obtaining your loan.

We go over estimates with buyers almost every day, so we'd be glad to answer your questions about closing costs.

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

Standard Closing Costs

Loan-Related Costs
  • Appraisal Fee
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Account
  • Lender Underwriting Fee
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • At Prestige Home Mortgage you do not pay a Loan Origination or Processing Fee
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurances
  • Private Mortgage Insurance (PMI) if applicable
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
In the market for a mortgage? We'd be thrilled to answer your questions about your mortgage needs! Give us a call today at 360-576-1920. Ready to get started? Apply Now.

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