Mortgage closing costs are expenses incurred for services that must be performed to process and close your loan. It is required by law to disclose, in writing, the estimated closing costs at the time that you apply for a loan. This is known as the Good Faith Estimate (GFE).

Closing costs can add up, especially since they are paid all at once. Average closing costs generally amount to about 2-3% of your sales price.

A common misconception about closing costs is that they all go to the lender, but many of the costs are related to services performed by third parties. Click here for a look at some common closing costs you can expect to see on your home loan.

Taxes, title fees and appraisal fees are an unavoidable part of the mortgage process. For this reason, we focus on lowering the variables that are within our control – such as the lender, third party fees and any title/settlement charges. With Lending.com as your lender, you will never need to worry about surprise fees at closing. We guarantee it!