All residential real estate sales involves costs. Buyers usually pay these closing costs, as specified in the sales contract, however, depending on State law the seller may have to split some of the closing costs. "Closing Costs" are the fees which pay for various services involved when you sell or buy residential real estate. These fees can be paid out of pocket or indirectly by crediting the loan.
Many of the costs result from getting your loan. At Vivid Mortgages, Inc., we have extensive experience arranging mortgage loans, so we can compile a comprehensive report on mortgage-related costs in your estimate.
The Loan Estimate is provided within three business days after your application is received. It details information like insurance and taxes, closing costs, monthly payments and more. Getting an estimate doesn't mean you've been approved, rather it's the first step toward securing your loan.
We answer buyers' questions about closing costs every day at Vivid Mortgages, Inc., so don't hesitate to contact us if you have questions.
We will provide you with a specific list of your closing costs when we deliver your estimate. Refinancing in New York? Our CEMA guide explains how a Consolidation, Extension and Modification Agreement can affect the mortgage recording tax on a refinance.
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Get pre-qualified online, or call and a broker will walk you through your options. No obligation, and pre-qualifying does not affect your credit score.
