Loan Fees

Typically, whenever a person purchases a home using a mortgage loan or refinances an existing mortgage, there are loan closing costs associated with the  transaction.  At Prime Realty & Lending, we make these costs as transparent as possible so that you can understand all of the associated costs.  Within 3 days of loan application, the loan applicant(s) will receive a Loan Estimate form with estimated costs.  The form provides the applicant(s) with important information, including the estimated interest rate, monthly payment, and total closing costs for the loan. The Loan Estimate also gives you information about the estimated costs of taxes and insurance, and how the interest rate and payments may change in the future. To better understand the loan process and the expected loan costs, you can read, print or download the step by step guide here:  Consumer Finance Protection Bureau: Your Home Loan Toolkit.