Don't Forget Closing Costs

Are you looking for a mortgage? We will be glad to assist you! Give us a call today at 954-375-7774. Want to get started? Apply Here.

"Closing Costs" are the fees which cover various services involved in the sale of a house. Sellers & buyers negotiate to decide how to share these closing costs.

Many of the closing costs associated with buying a home are associated with getting the loan. Since SoFlo:AM has extensive experience with mortgages & closings, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Buyers get a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. Please note that while our GFEs are very accurate, we cannot always estimate your closing costs to the penny. We field questions about these costs every day at SoFlo:AM, so please feel free to contact us if we can help answer your questions.

Below is a fairly general list of costs for buying a home. We will provide a specific list of your closing costs when we deliver your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Costs
  • Pulling Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
  • Costs associated with "originating" your loan
  • Points — These are costs you pay up-front to lower your interest rate (optional)
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
SoFlo:AM can answer questions about these closing costs. Give us a call: 954-375-7774.

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