"Closing Costs" are the fees that cover the various services involved when you sell or buy residential real estate. Sellers and buyers almost always negotiate to decide how to share these costs.
As you'll see below, many of the buyer's closing costs are related to the costs of originating the loan. Since Alternative Mortgage Group is highly experienced with closings & mortgages, we are closing cost experts.
Soon after you submit your application, we will give you the "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we can't always predict costs to the penny. We go over Loan Estimates with buyers almost every day, so we will be happy to answer your questions about closing costs.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your application. At Alternative Mortgage Group, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Escrow Fees TaxesCosts related to "originating" your loan Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Getting Your Credit Report Interest Payment
Insurance Transfer Taxes and Recording Fees
Flood / Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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