Your Closing Costs

"Closing Costs" are the fees which pay for various services involved when you sell or buy residential real estate. Sellers & buyers usually negotiate to decide how to split these closing costs.

As indicated below, many of the costs result from getting your mortgage loan. Since Hawk Mortgage Group is highly experienced with closings & mortgages, we are closing cost experts.

Loan Estimates (LEs)

Very soon after you apply for a loan, we'll give you a "Loan Estimate" of your costs. This closing cost estimate comes out of the loan officer's past experience. It's important to note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We go over Loan Estimates with buyers every day, so we'd be glad to answer any questions you have about closing costs.

Below is a generic list of closing costs. We will provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Pulling YourCredit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
  • Loan-related costs
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Hawk Mortgage Group can answer questions about these closing costs. Give us a call at (443) 619-7900.

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