Preparing for the Closing Costsby Marianne Salina
Loan Page Columnist
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So, you've been approved for a new home loan, and soon you will have a mortgage for the house of your dreams. What else is there to consider? Closing costs. Depending on the loan agreements, you will be responsible for numerous fees that are included in the process of closing a mortgage. All of these costs should be delineated and made clear to you by your mortgage brokers. The lender should list all the costs in the Good Faith Estimate, which you can acquire before you even hire a mortgage broker. You should consider at least three Good Faith Estimates before agreeing to a new home loan.
What are the Fees?Some of the fees that will be included in your mortgage agreement are:
Sources:Closing Costs, Mortgage-X, http://mortgage-x.com/library/closing_costs.htm
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