Your Closing Costs

"Closing Costs" are the fees which pay for various services involved in the sale of residential real estate. Sellers & buyers almost always negotiate the payment of these closing costs.

As indicated below, many of the buyer's closing costs cover the costs of originating the loan. At Hawk Mortgage Group, we have extensive experience in residential mortgage lending, so we can compile a comprehensive list of mortgage-related costs in your "Good Faith Estimate".

Good Faith Estimates (GFEs)

Very soon after you apply for a loan, we'll give you the "Good Faith Estimate" of your closing costs. The cost estimate is based on the loan officer's past experience. It's important to note that while our GFEs are very precise, we cannot always estimate your closing costs to the penny. We answer questions about these costs every day at Hawk Mortgage Group, so please feel free to contact us if you have questions.

Below you'll find a fairly generic list of closing costs. We will always provide a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Hawk Mortgage Group can help you understand closing costs. Give us a call at (443) 619-7900.

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