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"Closing Costs" are the fees that cover the various services involved in the sale of a home. Sellers & buyers negotiate to decide how to split these closing costs.
As you'll see below, many of the buyer's costs are related to the costs of originating the loan. At Mortgage X Change, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Good Faith Estimate".
Good Faith Estimates (GFEs)
Buyers 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 the loan officer's past experience. Please note that while our GFEs are very accurate, we can't always predict your costs to the penny. We handle questions about these costs every day at Mortgage X Change, so please feel free to contact us if we can help answer your questions.
Below is a fairly general list of closing costs. We will provide you with a specific list of your closing costs when we provide your Good Faith Estimate.
