Don't Forget Closing Costs

"Closing Costs" are the fees which pay for various services involved when you sell or buy residential real estate. Sellers & buyers almost always negotiate the payment of these costs.

Many of the costs associated with buying residential real estate are associated with getting a mortgage loan. At Not Your Average Lender, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you submit your application, we will provide you with the "Loan Estimate" of your closing costs. This closing cost estimate is based on the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always predict closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes vary a little bit at closing.

Below is a fairly generic list of closing costs. We will always provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

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

Not Your Average Lender can answer questions about these closing costs. Call us: 9722039033.

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Not Your Average Lender

NMLS# 230028

310 East I30 Suite B107
Garland, TX 75043