Don't Forget Closing Costs

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"Closing Costs" are the fees that pay for the various services involved when you sell or buy a home. Buyers & sellers negotiate these closing costs.

As the list below indicates, many of the closing costs result from getting your mortgage. At Colorado Home Mortgages, Inc., we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Good Faith Estimate".

The Good Faith Estimate (GFE)

Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the GFE are estimated based on Colorado Home Mortgages, Inc.'s experience with mortgage loans, but costs usually vary a little bit between delivery of the GFE and closing. We will be glad to review the "Good Faith Estimate," answering questions and highlighting costs that can change slightly at closing.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Colorado Home Mortgages, Inc., we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

• Pulling YourCredit Report
• Up-front Interest Payment
• Escrow Fees
• Various Taxes
• Loan-related costs
• Points — A fee paid to lower your interest rate (optional)
• Appraisal Costs

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

• Title Insurance
• Flood or Earthquake Insurance
• Private Mortgage Insurance (PMI)

Colorado Home Mortgages, Inc. can help you understand closing costs. Call us at 303-471-4445.