About Closing Costs
At Enotiva Lending Solutions Inc, we answer questions about closing costs every day. Call us: 407-496-3555.
Certain standard costs are related to closing the sale of a house. Buyers usually pay these closing costs, as the sales contract specifies, however, depending on State law the seller may be required to pay some of the closing costs.
"Closing Costs" are the fees that pay for various services involved when you sell or buy residential real estate. These fees might be paid out of pocket or indirectly by crediting the loan.
As indicated below, many of the buyer's closing costs cover the costs of originating the loan. At Enotiva Lending Solutions Inc, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on mortgage-related closing costs in your estimate.
Getting The Loan Estimate
Buyers will receive a Loan Estimate within three days from when the loan application is submitted to the lender. The Loan Estimate details information like insurance and taxes, closing costs, monthly payments and more. This estimate is not an approval, rather it's the first step toward getting your loan.
We review estimates with buyers every day, so we'd be glad to answer any questions you have about closing costs.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your loan application. At Enotiva Lending Solutions Inc, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
- Escrow Account
- Costs related to "originating" your loan
- Points — lower your mortgage interest rate (optional)
- Appraisal Costs
- Pulling Your Credit Report
- Interest Payment
- Transfer Taxes and Recording Fees
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood / Earthquake Insurance
Shopping for a mortgage? We'll be glad to discuss our mortgage offerings! Give us a call at 407-496-3555. Ready to begin? Apply Now