Don't Forget Closing Costs
"Closing Costs" are the fees that cover the various services involved in the sale of a house. Sellers & buyers almost always negotiate these costs.
Many of the costs associated with buying a home are associated with getting a mortgage. At Omni Mortgage Company, Inc., we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Good Faith Estimate".
Good Faith Estimates (GFEs)
Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our extensive past experience. It's important to note that while our GFEs are very accurate, we can't always estimate costs to the penny. We field buyers' questions about closing costs every day at Omni Mortgage Company, Inc., so don't hesitate to contact us if we can help answer your questions.
We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Omni Mortgage Company, Inc., we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
- Loan-related costs
- Points — These are costs you pay up-front to lower your interest rate (optional)
- Appraisal Costs
- Credit Report
- Interest Payment
- Escrow Fees
- Transfer Taxes and Recording Fees
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood or Quake Insurance
At Omni Mortgage Company, Inc., we answer questions about closing costs every day. Call us at 603-893-6616.