There’s nothing like finally finding the home of your dreams. It’s the perfect fit for your family, the right price and in the right location. Though you may be packed and ready for move-in day, you’ll need to finish up an important step first: closing on your mortgage.
Understanding Closing Costs
Before closing, your PrimeLending loan expert will take time to address your questions and walk you through your Closing Disclosure. Three days before your closing day, you will receive your Closing Disclosure, a detailed statement of the closing costs you will be expected to pay.
Because no two homes, or loans, are the same, it’s almost impossible to provide a complete list of what may be included in your closing costs. The home you buy, where it’s located and the type of loan you receive will determine what your costs are – which can range from 2% to 6% of the home’s purchase price. The majority of these costs are fees charged by the lender and third parties for the services and work involved with processing and completing your loan. In most cases, closing costs are paid by the borrower.
Common Costs For A Buyer Include:
- Home inspection
- Appraisal
- Attorney fee (if required)
- Title search
- Recording the property deed
- Tax services
- Credit report
- Survey
- Courier
Understanding what closing costs cover and budgeting for them will help to make the final steps of buying a home as smooth as possible.
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If you’re looking to gets started on the homebuying process, connect with a PrimeLending loan expert now.
Get in touch with a loan expert near you.
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Mandy Jordan is a seasoned professional with over 20 years of experience in the financial services industry, including 8 years in the mortgage industry. She has a true passion for writing and marketing communications strategy, and is known for her expertise in driving business growth, building relationships, and delivering results in highly competitive markets.
During her tenure at PrimeLending, Mandy has developed a deep understanding of the intricacies of the mortgage industry. Her comprehensive knowledge of loan products, underwriting guidelines, and compliance regulations has positioned her as a trusted advisor to her colleagues.
As a skilled writer and marketing communications strategist, Mandy has honed her ability to craft compelling and engaging content for a variety of mediums. Her strategic approach to content creation, combined with her creativity and attention to detail, has resulted in successful marketing campaigns, thought leadership pieces, and brand messaging that resonates with target audiences. She is also proficient in leveraging social media platforms and digital marketing tools to drive brand awareness and engagement.
Throughout her career, Mandy has been recognized for her exceptional communication skills, ability to work in cross-functional teams, and her unwavering commitment to delivering exceptional customer service. She has a track record of building and maintaining strong relationships with clients, partners, and stakeholders, and is often sought after for her strategic advice and guidance.
Mandy holds a Bachelor's degree in English from Southern Methodist University, and a Master’s in Business Administration with a focus on Marketing from The University of Texas at Austin. In her free time, Mandy enjoys writing creatively, reading, and volunteering for local non-profit organizations.
As a dynamic professional with a unique blend of experience in the mortgage industry, financial services, and marketing communications, Mandy Jordan continues to make significant contributions to the industry and is well-respected for her expertise, leadership, and unwavering commitment to excellence. Her warm demeanor, coupled with her wealth of experience and expertise, make her a trusted professional in her field.
