Closing costs are broken down in categories, Lender Origination, Sch A of the Loan Estimate, Sch B that include the appraisal and credit report and Title and Recording fees. Capital Financial Consultants, Inc having low overhead has very few fees; most programs are with no underwriting or processing fees. Capital Financial Consultants, Inc offer a program where you, as the borrower, would not pay any closing costs. Please call, text or email to ask about a detailed list of closing costs. I will provide an estimate of closing costs by sending you an estimated fee sheet. In addition you will receive a loan estimate of the fees and costs and total amount due at closing upon making a full application.
Fees that are paid once are called non-recurring. These fees are one-time charges for such items as:
- Credit Report
- Appraisal
- Underwriting
- Flood Cert
- Attorney fees
- Title Policies
- Escrow or closing
- Notary
- Courier / Delivery
- Attorney fees
- Endorsements
- Recording
- State, County or City Transfer Taxes
- Home Protection Plans
- Home Inspection
Recurring fees are those charges that you will pay cyclically. They include such fees as:
- Fire Insurance Premium
- Flood Insurance (if required in your area)
- Property Taxes
- Mutual or Private Mortgage Insurance Premiums
The time of the year that you close will dictate how many pro-rata months of premiums the lender will collect to hold against future payments of taxes and insurance. Not every loan has an impound or escrow account, but typically home loans totaling more than 80% of your purchase price will require an impound / escrow account.
Always check with me before you negotiate an offer that involves a seller credit for closing fees to provide the most accurate information possible.
Capital Financial Consultants, Inc. has relationships with the top wholesale mortgage investors in the country. This enables us to provide the most competitive rates while keeping fees low — We pass the low overhead and strategic operations that results in savings to our clients in the form of reduced closing costs and very low interest rates.
Call or text experienced Denver Mortgage Lender Robert Sturms at 303-587-3600 with any questions you may have, or to get started on the mortgage preapproval process.
