Debra Markovich

                                                        (858) 245-4290

                                              debra.markovich@arborfg.com

                                                 www.debramarkovich.com

                                                                              

                                                                               NMLS: 241969   CA BRE:01358613  

 
 
                                                                                            

 

                                                                           

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This is not a commitment to lend. Restrictions apply as to LTV and credit score. Rates and terms are subject to change without notice. Terms based on loan program guidelines and APR. The credit may not be extended if we find that you do not meet the criteria used to select you for this offer. The products displayed are based upon customers who have not been late on any other mortgage payments, been discharged in bankruptcy or have been subject to foreclosure. APR based on specific loan amount posted. Program savings available upon confirmed qualifications. National Mortgage Licensing System #236669. Arbor Financial Group License #0185041. Call for details.

WHAT MAKES UP THE CLOSING COSTS?

Closing fees can vary quite a bit, depending on the type of property you buy and where you buy it, but frequently include things like:

  • Attorney's fees

  • A fee for checking your credit report

  • A loan origination fee, which covers the cost of processing the paperwork for the loan

  • An appraisal fee

  • Charges for any inspections that might have been required by either the buyer or the lender

  • Discount points - fees that are paid in return for a lower rate of interest

  • Title insurance

  • Survey fees

  • Title search fees, to ensure that there are no unpaid mortgages or tax liens on the property

  • Recording fees, paid to the county or city

  • Escrow deposits

  • Underwriting fees

  • Pest inspection fees

 

This is just an overview of some of the more common things that can make up the closing costs - it's not meant to be all-inclusive, since closing fees can vary considerably.