We know that the closing date on your home is the date you’ve been waiting for—for months, maybe even for years. You’ve found the house; we’ve helped you find and secure just the right low-interest mortgage in Florida, California, or Georgia. In some ways, it’s just like a wedding: a date has been set, and a new life is about to begin.
But your closing date is just like a wedding in another way too: there are costs associated with it.
At Avrus Financial and Mortgage, we want you to go into your closing with your eyes wide open, and being aware of all the costs that will be involved. A closing with no surprises is a good closing!
Those costs may include:
- Down payment
- Out-of-pocket costs (appraisal fees, payment for a credit report, home inspection fees, and the loan application fee)
- Title insurance
- If the loan requires it, escrow.
- Proof of homeowners’ insurance
- Loan origination fees
So how do you know exactly what will be included in your loan?
Different lenders charge different fees, and closing costs may even determine your choice of a loan or of a lender. Again, if we’ve had the privilege of working with you on your mortgage loan, we’ll be there with you every step of the way helping you understand what you need to pay, why you’re paying it, and when you’ll need to pay it.
Some fees may even be negotiated, though you need to remember that a lender who is eager to negotiate is a lender who is getting something back from the deal—a higher interest rate, for example, or a more substantial down payment.
Your best bet is to work closely with us to determine which is the right mortgage product for you. We’re your partner in the loan application process and we’ll be on hand to explain to you all the various components of your loan in general — and what will be required of you at closing in particular. We’re helped thousands of people find just the right mortgage for their California, Georgia, or Florida home, and we can help you, too.
Why not ask us how today?
