Closing costs are the fees and expenses you pay when finalizing your mortgage. They typically range from 2% to 5% of the loan amount and include things like loan origination fees, title insurance, appraisal fees, and more.

It’s essential to budget for these costs to avoid any surprises at closing. Your lender will provide a Loan Estimate early in the process, outlining these costs.

Don’t forget to review the Closing Disclosure, which you’ll receive three days before closing. It gives a final breakdown of all costs.

Understanding and planning for closing costs ensures a smoother closing process and helps you stay financially prepared.

For more home buying tips and personalized advice, feel free to reach out. I’m here to guide you every step of the way.