As you consider potential mortgage financing options, a comparison of average closing costs may influence your decision. Average closing costs rank second only to average interest rates in the minds of most homeowners, followed by concerns over actual monthly payments. There are numerous factors contributing to the closing costs which you may unwisely end up paying.

The type of mortgage product selected, the down payment (if it is to be a purchase), state regulations, the interest rate, time of year and date of the month are some of the primary factors determining what should be the average closing costs for your particular situation.

Other related expenses would include:

	Loan origination points
	Discount points
	Mortgage broker fee
	Application fees
	Processing fee
	Wire or funding fee
	Yield spread premium
	Closing fee
	Abstract fee
	Express mail fee

Some or all of the above fees can potentially be negotiated to your benefit. Without having an independent review of all of your loan documents, the odds are stacked against you. Very often non-suspecting homeowners have fallen prey to policies designed to primarily serve and protect lenders. Insist upon an independent review of any and all documents prior to signing anything. The slightest oversight on your part can manifest itself into your worst nightmare.

Average closing costs can and do vary. Contact a Real Estate Lawyer for a non-biased average closing cost examination.