Your Closing Costs

Certain standard costs are associated with closing the sale of a house. Sellers and buyers almost always split these costs, as specified in the sales contract.

Many of the closing costs associated with buying a home are associated with getting a mortgage loan. Since Glendale Mortgage is highly experienced with closings & mortgages, we are closing cost experts.

Good Faith Estimate (Also know as the GFE)

Very soon after you apply for a loan, we will give you a "Good Faith Estimate" of your costs. This closing cost estimate comes out of the loan officer's past experience. It's important to note that while our GFEs are very accurate, we cannot always predict your closing costs to the penny. We will be glad to review the "Good Faith Estimate," answering questions and highlighting 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 have completed your loan application. At Glendale Mortgage, 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
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Pulling Your Credit Report
  • Up-front Interest Payment
  • Escrow Account
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Glendale Mortgage can help you understand closing costs. Call us: 610-853-6500.