About Closing Costs

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

As you'll see below, many of the buyer's closing costs are related to the costs of originating the loan. At Hawk Mortgage Group, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Good Faith Estimate".

The Good Faith Estimate (Also know as the GFE)

Buyers will get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on our past experience. Please note that while our GFEs are very accurate, we can't always predict your costs to the penny. We answer questions about closing costs every day at Hawk Mortgage Group, so please be sure to ask if you have questions.

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

Standard Closing Costs

Loan-Related Costs
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Costs related to "originating" your loan
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Obtaining YourCredit Report
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Hawk Mortgage Group, we answer questions about closing costs every day. Call us: (443) 619-7900.

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