|
Closing
costs between lenders can vary greatly and
often times be confusing to compare. At
Aspen Mortgage, we invite you to look at
our rates and fees and compare them to other
lenders. We believe that we have extremely
competitive rates. The key to getting the
lowest closing costs is to break down the
closing costs into two separate categories
of charges:
LENDER
FEES
These
are the closing costs that are paid to
the Mortgage company or bank. These fees
vary widely from one lender to another
and can effect rates dramatically. Lenders
often advertise low rates but have high
costs associated with lender fees, be
sure to check when shopping. Lender fees
can also be broken down into three categories:
Below
are the Fees charged by Aspen Mortgage,
Remember we have NO HIDDEN FEES! Other
Lenders often charge much higher fees!
At Aspen Mortgage, these fees may be reduced
or eliminated by accepting a slightly
higher rate. Call 341-8445
for details.
- Appraisal
Fee - $275 - 350
Appraisals are done by independent appraisers
but are ordered by the mortgage company.
Aspen Mortgage has negotiated some of
the lowest appraisal fees in Las Vegas
and passes them on to our customers.
- Credit
Report - $65
- Document,
Underwriting and Processing Fee - $495
to $695
These charges are often itemized by
other lenders as such fees as underwriting,
processing fee, document preparation,
courier, loan submission fee, wire transfer
fee, lock-in fee, ect. The list could
continue because lenders tend to make
up new names for fees every day. At
Aspen Mortgage we have a processing and underwriting fee
with no "Junk fees" or "Hidden
Costs".
4. Flood
Certification - $20
5.
Tax Service - $80
Prepaid
Items
Borrowers
are required to prepay the following and
put taxes and insurance in escrow. These
fees are usually industry standard practices
and do not vary greatly between lender.
Special
Note: Borrowers who desire to maintain
their own escrow accounts can do so by
adding .25 pts to the discount points
price or 1/8% to their interest rate with
no additional charge.
- Up
to six (6) months real estate tax escrow
- 1
year homeowners insurance paid at closing
- 2
months homeowners insurance
- Interim
interest
|
Equal
Housing Lender. © 1997, 1998, 1999 2000 Aspen
Mortgage, Inc.