Mortgage Closing Costs

—At the closing, ownership of the newly purchased home is officially transferred from the seller to you.

What happens at closing?

• At the closing, ownership of the newly purchased home is officially transferred from the seller to you.

Third-Party Costs

• Third-party costs are expenses paid to others such as inspectors or insurance firms.

What is RESPA?

• The Real Estate Settlement Procedures Act (RESPA) contains information on the settlement or closing costs you are likely to face.

What is "Truth in Lending?"

• Mortgage lenders are required to give you a Truth in Lending (TIL) statement containing information on the annual percentage rate, the finance charge, the amount financed, and the total payments required.

To find the loan option that fits you best, contact us to get pre approved. It only takes about 10 minutes, can be done over the phone, and all the information we will need to know you will probably know right off the top of your head.