Don't Forget Closing Costs

"Closing Costs" are the fees that pay for the various services involved in the sale of residential real estate. Buyers and sellers almost always negotiate the payment of these costs.

As you'll see below, many of the buyer's closing costs cover the costs of getting the loan. Since Great Florida Lending, Inc has extensive experience with mortgages & closings, we are closing cost experts.

Loan Estimates (LEs)

Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on Great Florida Lending, Inc's experience with mortgage loans, but costs usually change a little bit between the Loan Estimate (LE) and closing. We review LEs with buyers every day, so we will be happy to answer your questions about closing costs.

Below is a fairly general list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Great Florida Lending, Inc, we answer questions about closing costs every day. Call us: 7862626486.

Get a New Loan Quote

Looking for a new home loan? Fill out the following form to get a fast quote from us.

Contact Info
Property Information
Mortgage Information
Questions

Great Florida Lending, Inc

2828 Coral Way, Ste. 470
Miami, FL 33145