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A Division of Universal Lending Corporation, NMLS #2996.

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Brett Popish CO MLO 100015587 | NMLS 253202

Contact us to learn more about any of these costs!

 

 

Understanding Mortgage Costs

 

 

 

 
When you see that sign on a house, check out the listing online and find out that the sell price is $250,000 - keep in mind that there are other costs that you may have to take into consideration if you decide to buy.
 

 

Here's a short list of some of the other costs that may come up:

 

  • Down Payment

  • Closing CostsPoints: 1 point = 1% of loan

  • Loan origination fees

  • Interest rates

  • Discount points

  • Private Mortgage Insurance

  • Property Taxes

  • Moving expenses

  • Inspection fees

  • Lawyers' fees (some states require legal representation)

 

Always speak with a mortgage professional; they should make it clear to you exactly what costs are involved in your transaction.