About Closing Costs

All residential real estate sales involves costs. Buyers customarily incur these costs, as the real estate sales contract specifies, however, depending on State law the seller will have to cover a portion of the closing costs. "Closing Costs" are the fees which pay for various services involved when you sell or buy a house. These fees might be paid directly or indirectly by crediting the loan.

As indicated below, many of the costs result from getting your mortgage. Since Integrity Mortgage and Financial Services Inc has extensive experience with closings and mortgages, we often explain the details of closing costs.

Obtaining The Loan Estimate

Within three days after you apply for a loan, we will give you a Loan Estimate. The Loan Estimate lays out information like insurance and taxes, closing costs, monthly payments and more. Getting an estimate doesn't mean you've been approved, but it's the first step toward securing your loan.

We handle questions about closing costs every day at Integrity Mortgage and Financial Services Inc, so don't hesitate to contact us if we can help answer your questions.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your application. At Integrity Mortgage and Financial Services Inc, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

• Escrow Account
• Points — These are costs you pay up-front to lower your interest rate (optional and rarely apply unless needed to qualify)
• Appraisal Costs
• Obtaining Your Credit Report
• Interest Payment

• Recording Fees 
• Insurance

• Flood  Insurance if applicable
• Private Mortgage Insurance (PMI)
• Title Insurance