What are the closing costs of the mortgage loan?

There are four basic categories of charges during the closing of the mortgage loan:

Charges related to the transfer of the deed:
  • Title Insurance
  • Legal Fees

Fees (Government Recording and Transfer Charges):

  • Fees paid by the borrower or by the seller, depending on specified terms and conditions.

Charges related to the cost of the loan:

  • Origination Fees
  • Discount Points
  • Loan Insurance Premium
  • Homeowner¹s Insurance Premium
  • Property Taxes Escrow Account, if applicable

Other expenses:

  • Property Appraisal
  • Credit Report
  • Title Search
  • Flood Zone Determination


Need more help?

We are receiving an extraordinary volume of calls, which is affecting our waiting times. We appreciate your understanding and your trust in us.

Call us at 787.724.3659 or Access Mi Banco Online (desktop version), log in by entering your username and password, and in the upper part of the website click on “Contact Us”. From there, write your message, and we will gladly assist you.

We encourage you to consult the following information regarding useful and accessible solutions for you.