Don't Forget Closing Costs

All residential real estate transactions incurs costs. Buyers almost always incur these closing costs, as specified in the sales contract, however, depending on the contract the seller may have to cover a portion of the closing costs. "Closing Costs" are the fees that pay for various services involved when you sell or buy a home. These fees can be paid directly or indirectly by crediting the loan.

As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. Since Precision Mortgage, Inc. has extensive experience with closings & mortgages, we are closing cost experts.

Getting The Loan Estimate

Buyers will get a Loan Estimate three days from when the loan application is submitted to the lender. The Loan Estimate details information like closing costs, taxes, insurance, estimated interest rate monthly payment and more. Getting an estimate doesn't mean you've been approved, rather it's the first step toward obtaining your loan.

Below is a fairly generic list of costs for buying a home. We will provide a specific list of your closing costs when we give you an estimate.
Precision Mortgage Never Charges an Application Fee. 

Standard Closing Costs

• Appraisal Fee
• Credit Report
• Flood Certification and Tax Service
• Loan-related costs
• Points — lower your interest rate (optional)

• Taxes 
• Insurance

• FHA Upfront Mortgage Insurance 
• VA Funding Fee
• Flood / Earthquake Insurance
• HOA Transfer fees and dues