Who Really Controls Your Closing Costs? Let’s Break It Down 💰

When you're buying a home, it’s easy to feel overwhelmed by the long list of closing costs that show up before you get the keys. But did you know not all closing costs are created equal and not all of them are within your control?

At LJ Mortgage Team, we believe that understanding the details upfront is the key to a smooth closing. Here's a simple breakdown of who controls what when it comes to closing costs:

✅ Sections A & B – 100% Lender Controlled

These are fees that come directly from your lender and are non-negotiable:

• Origination Fees

• Appraisal Fees

• Credit Report

• Flood Certification

💡 These costs are set by your lender and are typically fixed across all borrowers.

✅ Sections E–H – Mixed Control

These costs are influenced by a combination of lenders, title companies, and government entities:

• Property Taxes

• Homeowner’s Insurance (Prepaids)

• Escrow Account Setup

• Owner’s Title Insurance

• HOA Fees (if applicable)

💡 While some costs are fixed (like taxes), others can vary depending on the providers you choose or the property itself.

🎯 Why This Matters

Knowing who controls each section helps you:

• Budget smarter

• Avoid last-minute surprises

• Understand where you can negotiate or compare costs

Whether you're a first-time buyer or a seasoned homeowner, being informed puts you in control.

📲 LJ Mortgage Team Inc. Your trusted mortgage experts serving Queens and Long Island.

Let us guide you through every step of the mortgage and closing process.

📍127-03 Rockaway Blvd South Ozone Park, NY 11420

📞 (516) 218-1297

🌐 https://www.ljmortgageteam.com/

LJ Realty Team

Buy – Sell – Rent

Equal Housing Opportunity

LJ Mortgage Team Inc. NMLS# 2120286

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