Mortgage Broker Company - Closing Costs

A lender will usually prepare a “Good Faith Estimate” of closing costs.  The lender prepares the estimate of the costs you may have when buying or refinancing your home but may not list all potential costs. The lender may not know what all the costs are going to be.  The estimate is just that - an estimate. Always anticipate that the actual costs will be more.

Non-recurring costs - costs of items only paid once.

Recurring closing costs - costs paid again and again over the course of your home ownership - property taxes and homeowners insurance.

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