"Closing Costs" are the fees which pay for the various services involved in the sale of a house. Sellers & buyers often negotiate to determine who will pay different portions of these closing costs.
As the list below indicates, many of the closing costs result from getting your mortgage loan. Since First Southeast Mortgage Corporation is highly experienced with mortgages and closings, we are closing cost experts.
Soon after you submit your application, we will provide you with the "Loan Estimate" of your closing costs. We base this closing cost estimate on our extensive past experience. It's important to note that while our LEs are very accurate, we cannot always predict your costs to the penny. We handle questions about these costs every day at First Southeast Mortgage Corporation, so don't hesitate to contact us if we can help answer your questions.
We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At First Southeast Mortgage Corporation, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Obtaining YourCredit Report Interest Payment Escrow Account TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Costs
Recording Fees & Transfer Taxes Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.