Do Quicken Loans include closing costs in their mortgage services?

Yes, Quicken Loans does include closing costs in their mortgage services. Closing costs are an assortment of fees separate from the property price and the loan itself, typically including items such as appraisal fees, title searches, title insurance, surveys, taxes, deed-recording fees, and credit report charges. They can also involve loan origination fees and points, which represent prepaid interest to reduce the mortgage interest rate. Each loan structure differs; some may have the buyer pay closing costs out of pocket at the time of closing, while others may offer the option to roll these costs into the loan's balance or negotiate seller concessions to cover some or all of these expenses. It's important for clients of Quicken Loans to discuss these details with their loan officer to fully understand how their specific closing costs will be handled as part of their mortgage agreement.