08:30 – 5:00

Monday to Friday

5001 California Avenue, Suite 200

661-324-AGAPE

Your Bakersfield Mortgage Professional

August 24, 2017

08:30 – 5:00

Monday to Friday

5001 California Avenue, Suite 200

661-324-AGAPE

Closing Costs

Your Closing Costs

 

Certain standard costs are related to closing the sale of a house. Sellers and buyers usually share these closing costs, as the sales contract specifies.

As the list below indicates, many of the costs result from getting your mortgage loan. Since Agape Mortgage is highly experienced with mortgages and closings, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Buyers get a “Good Faith Estimate” of closing costs at the time the loan application is submitted to the lender. The closing costs spelled out in the GFE are estimated based on Agape Mortgage’s experience with mortgage loans, but costs often change by small amounts between delivery of the GFE and closing. We answer questions about these costs every day at Agape Mortgage, so please feel free to contact us if you have questions.

We’ve provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Agape Mortgage, we don’t believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Getting Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
  • Costs associated with “originating” your loan

Property Taxes

  • Insurance
  • Transfer Taxes & Recording Fees

Homeowners Insurance

  • Title Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)

At Agape Mortgage, we answer questions about closing costs every day. Call us: 661.324.2427.

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