There are certain standard costs associated with closing the sale of a house. As a percentage of the loan, the total costs are typically between 2% and 6% of the loan amount. Most closing costs are standard costs from mortgage company to mortgage company, and they don't have much control over these costs. These fees are split between the buyer and the seller, as spelled out in the sales contract. Fortunately for you, Premier Mortgage Funding, Inc. can save you thousands by offering you the Smart Loan, which has a flat origination cost regardless of the loan amount.
This page will try to explain many of the closing costs, answering any questions you may have outlining which costs are required by law to be yours and which are negotiable.
Good Faith Estimate
Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.