Closing Costs

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable. In most instance, Prospect Mortgage and myself will help keep your closing fee, substantially lower than others that you will recieve.

 

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 

 

Copyright © 2009 Equal Housing Lender. Prospect Mortgage Company is a division of Metrocities Mortgage, LLC a Delaware limited liability company licensed by Massachusetts Mortgage Broker and Lender License #MC2011 and licensed by the New Hampshire Banking Department. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.


Prospect Mortgage One Pleasure Island Rd Wakefield, MA 01880
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