"Closing Costs" are the fees that cover various services involved in the sale of a house. Buyers and sellers often negotiate the payment of these closing costs.
As the list below indicates, many of the costs result from getting your mortgage loan. At Croghan Colonial Bank, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Good Faith Estimate".
Soon after you submit your completed application, we will provide you with the "Loan Estimate" of your costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at the closing table.
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