Closing costs are based on many factors including the purchase price of the home, the amount being financed, and what is actually negotiated between the buyer and seller! In general though, when acquiring a pre-approval from a lender, they will be able to issue buyers a “good faith estimate”. It is very important to shop a few lenders and compare all the good faith estimates, because closing costs can vary GREATLY depending on whom you choose.
Give us a call, and I will be able to cover this area in much more detail, and can even recommend several mortgage lenders that are very competitive.
