Don't Forget Closing Costs

Every home sale incurs certain costs. Buyers and sellers usually split these closing costs, as the real estate sales contract specifies.

Many of the costs associated with buying a home are associated with getting the loan. Since Hawk Mortgage Group is highly experienced with closings and mortgages, we can help you understand your closing costs.

Loan Estimates (LEs)

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 Loan Estimate are estimated based on Hawk Mortgage Group's experience with mortgage loans, but costs usually change a little bit between the Loan Estimate (LE) and closing. We review Loan Estimates with buyers almost every day, so we will be happy to answer your questions about closing costs.

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

Standard Closing Costs

Loan-Related Costs
  • Escrow Fees
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Flood / Earthquake Insurance
  • 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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