What are closing costs?

Each lender may have different costs which apply to their programs or local lending market. Closing costs or the fees applied to make the loan may consist of some or all of the following:

1. Settlement and or attorney fees
2. Underwriting fee
2. Pre-paid: property taxes, mortgage interest, homeowners
    insurance and private mortgage insurance
3. Loan Origination, Broker and/or Discount Points fee
4. Appraisal fee
5. Credit report fee
6. Messenger fees
7. Title recording fee
8. Survey fee if needed
9. Title insurance
10. Payment to escrow account for real estate taxes and homeowners
    insurance if applicable
11. Documentation preparation fees

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