Closing costs consist of three main groups: third party costs, mortgage taxes & lender fees.

Third party costs are fees that you or the lender pays on your behalf for you to obtain a mortgage, including appraisal fee, credit report fee, title fee and attorney fee.

• When home refinancing review these costs carefully as some lenders may have lower costs.
• Mortgage taxes will be exactly the same between all lenders, so they do not have to be reviewed.
• Points and lender fees are essentially what the lender charges to originate your home loan when home refinancing and for a new home loan. Points and fees should be reviewed carefully.