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Mortgage closing costs are different from state to
state and lender to lender. That's why mortgage lenders are required to
provide a Good Faith Estimate of your closing costs within three business
days of applying for a loan.
Prior to the mortgage closing, you and your closing representative will
review that Good Faith Estimate. This document provides the final total
of your closing costs, including any interest for the remainder of the
first month of the loan, third-party costs such as appraisal fees and
title insurance, and any other mortgage lender costs.
At the closing, you will need to provide any outstanding information and
sign your loan papers. At that point, you may also need to bring a certified
or cashier's check for any closing costs that are your responsibility.
Often, when you refinance, your closing costs are included in the total
loan amount so you won't be expected to pay these fees out of pocket.
At Champion, our loan specialists are trained to listen to your needs
and carefully assess your financial situation. Only then will we recommend
a customized solution that makes sense for you. Ready to get started?
Call 1-800-CHAMPION or
click here for a free, no obligation consultation with one of our Loan Specialists.
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