Types of Closing Fees

1⃣ Loan Origination Fee: Charged by the lender for processing your mortgage.

2⃣ Title Search/Title Insurance: Ensures the property is free of legal issues and protects you against future claims.

3⃣ Appraisal Fee: The cost of a professional appraiser to assess the home’s value.

4⃣ Inspection Fees: Includes home inspections for structural and safety issues.

5⃣ Escrow Fees: Paid to the escrow company handling the transaction.

6⃣ Recording Fees: The cost to file official documents with the local government.

7⃣ Attorney Fees: If required, the cost of legal assistance during the closing process.

Make sure you understand all your fees upfront for a smooth closing!