"Closing Costs" are the fees which cover the various services involved when you sell or buy a house. Buyers & sellers often negotiate to decide how to split these costs.
As the list below indicates, many of the costs result from getting your mortgage loan. Since Reliance Mortgage Service, Inc has extensive experience with mortgages & closings, we are closing cost experts.
Buyers will get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The cost estimate is based on our past experience. It's important to note that while our GFEs are very accurate, we cannot always predict costs to the penny. We will be glad to review the "Good Faith Estimate," answering questions and pointing out costs that can change slightly at closing.
Below is a fairly general list of costs for buying a home. We will always provide you with a specific list of your closing costs when we deliver your Good Faith Estimate.
Standard Closing Costs
Interest Payment Escrow Fees TaxesCosts associated with "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Costs Pulling YourCredit Report
Insurance Transfer Taxes & Recording Fees
Title Insurance Flood or Quake Insurance Private Mortgage Insurance (PMI)
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.