"Closing Costs" are the fees which pay for various services involved in the sale of a home. Buyers & sellers negotiate these costs.
Many of the closing costs associated with buying residential real estate are associated with getting the mortgage loan. Since Alternative Mortgage Group is highly experienced with mortgages and closings, we often explain the details of closing costs.
Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. It's important to note that while our GFEs are very accurate, we cannot always estimate your costs to the penny. We will be glad to review the "Good Faith Estimate," answering your questions and highlighting costs that sometimes change slightly at closing.
Below you'll find a general list of costs for buying a home. We will always provide you with a specific list of your closing costs when we deliver your Good Faith Estimate.
Standard Closing Costs
Loan Origination Fee Points — lower your mortgage interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Escrow Account Taxes
Recording Fees & Transfer Taxes Insurance
Flood or Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.