Every home sale involves certain fixed costs. Buyers and sellers usually split these costs, as the real estate sales contract specifies.
As indicated below, many of the closing costs result from getting your loan. At Alternative Mortgage Group, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".
Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on Alternative Mortgage Group's experience with mortgage loans, but costs often vary a little bit between the Loan Estimate (LE) and closing. We field buyers' questions about these costs every day at Alternative Mortgage Group, so don't hesitate to ask if we can help answer your questions.
Below you'll find a fairly generic list of costs for buying a home. We will provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Appraisal Costs Credit Report Up-front Interest Payment Escrow Account TaxesLoan Origination Fee Points — A fee paid to lower your mortgage interest rate (optional) Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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