Mortgage closing costs when you refinance home mortgage loans

Your Closing
You will be signing all of the documents and a settlement statement showing all mortgage closing costs. If possible ask for a copy of the settlement statement ahead of time so that you can review it for accuracy. Make sure that the charges are similar to what was disclosed on your good faith estimate of charges provided at loan application.

Make sure that all credits are accurate
Make sure the amounts for your earnest deposit, amount being paid by seller, tax proration credits, etc. are correct. The mortgage closing costs documents are not as intimidating as you might think. Most lenders use standard Fannie Mae or Freddie Mac docs. The language in them is standard. Examples of mortgage documents by state.

Check for blanks filled in on the note for accuracy
Check the rate, term, prepayment penalty, and any other variables. This document is your promise to pay back the funds and should be reviewed for accuracy.

You should receive copies of all documents signed at closing
If not offered, request a copy of the appraisal done on the property. If you feel that an amortization schedule showing the amount of each scheduled payment and breaking down the amount going to interest and to principal would be helpful to you, request it as well.

If you want to read through the documents
Request a copy package ahead of time so you will have time to review your mortgage closing costs. It is very difficult at the closing table to read all of the documents word for word.

No more guess work on mortgage closing costs. Apply with confidence for your home mortgage refinance - Let them show you what they can do for you with a free quote.