Don't Forget Closing Costs

Halpern & Associates Mortgage Corporation can answer questions about these closing costs. Give us a call at (305) 535-2230.

There are certain standard costs associated with closing the sale of a house. Buyers almost always pay these costs, as the real estate sales contract specifies, however, depending on State law the seller will have to cover some of the closing costs. "Closing Costs" are the fees that pay for various services involved in the sale of residential real estate. These fees can be paid out of pocket or indirectly by crediting the loan.

Many of the closing costs associated with buying a house are associated with getting a mortgage loan. Since Halpern & Associates Mortgage Corporation has extensive experience with closings and mortgages, we can help you understand your closing costs.

Getting The Loan Estimate

Buyers will receive a Loan Estimate three days from when the loan application is submitted to the lender. The Loan Estimate 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 getting your loan.

We explain estimates with buyers every day, so we are happy to answer your questions about closing costs.

Below is a general list of closing costs. We will provide you with a specific list of your closing costs when we deliver your estimate.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Loan Origination Fee
  • Points — lower your mortgage interest rate (optional)
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance
Searching for a loan? We can help! Call us at (305) 535-2230. Want to get started? Apply Here.

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