Don't Forget Closing Costs

"Closing Costs" are the fees which cover the various services involved in the sale of a home. Sellers and buyers almost always negotiate these costs.

Many of the closing costs associated with buying a home are associated with getting the mortgage loan. Since Valley Savers Mortgage, LLC is highly experienced with mortgages & closings, we often explain the details of closing costs.

Good Faith Estimate (Also know as the GFE)

Buyers get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on our past experience. Please note that while our GFEs are very precise, we can't always estimate your costs to the penny. We review GFEs with buyers every day, so we'd be glad to answer any questions you have about closing costs.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At Valley Savers Mortgage, LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan-related costs
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

Valley Savers Mortgage, LLC can help you understand closing costs. Call us: (602) 332-9544.

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