Don't Forget Closing Costs

"Closing Costs" are the fees that pay for the various services involved when you sell or buy a home. Sellers & buyers almost always negotiate to decide how to split these closing costs.

As indicated below, many of the closing costs result from getting your mortgage. Since Hawk Mortgage Group has extensive experience with closings and mortgages, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Buyers will get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this closing cost estimate on our extensive past experience. Please note that while our GFEs are very precise, we can't always predict your costs to the penny. We will be glad to review the "Good Faith Estimate," answering questions and highlighting costs that can change slightly at the closing table.

We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At Hawk Mortgage Group, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Fees
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

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

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