Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As Matt negotiates the sales contract for you, he will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

Matt will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

All borrowers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate will be put together by Matt Meissner personally and is based on his past mortgage loan experience and may not include all the closing costs as the loan program that will be best for you may not have already been decided. Matt will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates he believes could be variable.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Processing Fee
  • Underwriting Fee
  • Attorney Closing Fee 
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance


HomeTown Mortgage Services, Inc. 3076 Palisades Court, Suite A Tuscaloosa, AL 35405
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