How do Closing Costs Work?

There are certain standard costs related to closing the sale of a house. Buyers and sellers almost always share these closing costs, as the sales contract specifies.

Many of the closing costs associated with buying a home are associated with getting a loan. Since AAA Mortgage Solutions, LLC has extensive experience with mortgages & closings, we often explain the details of closing costs.

The Loan Estimate (Also know as the LE)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The  cost estimate is based on our past experience. Please note that while our LEs are very accurate, we cannot always estimate your closing costs to the penny. We will be glad to review the "loan estimate," answering  questions and highlighting costs that can vary a little bit at the closing table.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your application. At AAA Mortgage Solutions, LLC, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.