Fees paid when you close (or settle) on a mortgage. These fees may include:
• Application fees.
• Title examination, abstract of title, title insurance and property survey fees.
• Fees for preparing deeds, mortgages and settlement documents.
• Attorneys’ fees.
• Recording fees.
• Estimated costs of taxes and insurance.
• Notary, appraisal and credit report fees.
Under the Real Estate Settlement Procedures Act (RESPA), the borrower receives a “good faith estimate” of closing costs within three days of applying for a home loan. The good faith estimate lists each expected cost as an amount or a range.