What are Closing Costs?

"Closing Costs" are the fees that cover various services involved when you sell or buy residential real estate. Buyers and sellers often negotiate the payment of these costs.

As you'll see below, many of the buyer's closing costs are related to the costs of originating the mortgage loan. Since MortgageCompanyName has extensive experience with closings and mortgages, we can help you understand your closing costs.

The Good Faith Estimate (Also know as the GFE)

Very soon after you apply for a loan, we'll provide you with the "Good Faith Estimate" of your closing costs. The closing costs specified in the GFE are estimated based on MortgageCompanyName's experience with mortgage loans, but costs usually change by small amounts between delivery of the Good Faith Estimate (GFE) and closing. We will be glad to review the "Good Faith Estimate," answering your questions and highlighting costs that can change slightly at closing.

We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your loan application. At MortgageCompanyName, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.