About Closing Costs

"Closing Costs" are the fees which pay for the various services involved when you sell or buy a house. Buyers & sellers usually negotiate these closing costs.

As indicated below, many of the buyer's costs cover 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 costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on the loan officer's past experience. It's important to note that while our LEs are very accurate, we can't always estimate closing costs to the penny. We answer questions about these costs every day at Hawk Mortgage Group, so don't hesitate to ask if you have questions.

Below is a fairly general list of costs for buying residential real estate. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

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

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

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