Don't Forget Closing Costs

Certain standard costs are associated with closing the sale of a house. Buyers and sellers almost always split these closing costs, as specified in the sales contract.

Many of the costs associated with buying a home are associated with getting a mortgage. At First Southeast Mortgage Corporation, we have extensive experience in mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Good Faith Estimate".

Good Faith Estimates (GFEs)

Very shortly after you apply for a loan, we'll give you the "Good Faith Estimate" of your costs. We base this closing cost estimate on our extensive past experience. It's important to note that while our GFEs are very precise, we can't always estimate your closing costs to the penny. We field questions about closing costs every day at First Southeast Mortgage Corporation, so don't hesitate to ask if you have questions.

Below is a general list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At First Southeast Mortgage Corporation, we answer questions about closing costs every day. Give us a call: 954.920.9799.

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