Don't Forget Closing Costs

"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.

Good Faith Estimates (GFEs)

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-Related Costs
  • Loan Origination Fee
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Flood or Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Alternative Mortgage Group can answer questions about these closing costs. Call us: 561-395-4264.

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