Your Closing Costs

Certain standard costs are related to closing the sale of a home. Sellers and buyers usually share these costs, as the sales contract specifies.

As indicated below, many of the closing costs result from getting your loan. Since American Mortgage Advisers, Inc has extensive experience with closings and mortgages, we are closing cost experts.

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 specified in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually change by small amounts between the LE and closing. We will be glad to review the "Loan Estimate," answering questions and pointing out costs that sometimes vary a little bit at the closing table.

We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At American Mortgage Advisers, Inc, 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

• Appraisal Fee
• Pulling Your Credit Report
• Up-front Interest Payment
• Escrow Account
• Taxes
• Costs related to "originating" your loan
• Points — lower your mortgage interest rate (optional)

Property Taxes

• Recording Fees & Transfer Taxes
• Insurance

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood / Quake Insurance

At American Mortgage Advisers, Inc, we answer questions about closing costs every day. Give us a call: 2148657442.