05/31/2026
Mortgage Term of the Day:
Mortgage closing costs are the fees and expenses you’ll pay when finalizing your home loan. These typically range from 2% to 5% of the purchase price and can include:
🔹 Loan origination fees
🔹 Title insurance
🔹 Appraisal & inspection fees
🔹 Attorney fees
🔹 Escrow deposits
🔹 Taxes & recording fees
💡 Tip: Always review your Loan Estimate and Closing Disclosure ahead of time so you know exactly what to expect on closing day!