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What is Included in Closing Costs with Will Coleman

Will Coleman discusses what closing costs are included in a loan closing.

Key Information:

3 Types of Costs

  1. Day One upfront costs
  2. Origination Fees
  3. Miscellaneous costs

Day One Costs

  • Appraisal
  • Phase 1 Environmental
  • Physical Inspection
  • Underwriting fees
  • Third Party Legal

Ordination Fee

  • Generally a 1% of loan amount

Miscellaneous Fees

  • Title Search / Insurance
  • Escrow fees
  • Borrowers legal costs
  • Survey

Contact Information:          

Will@randcre.com

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