About Closing Costs

"Closing Costs" are the fees which pay for various services involved in the sale of a home. Sellers and buyers often negotiate the payment of these closing costs.

Many of the costs associated with buying a house are associated with getting a loan. At Glendale Mortgage, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on Glendale Mortgage's experience with mortgage loans, but costs usually change by small amounts between the LE and closing. We field questions about these costs every day at Glendale Mortgage, so please be sure to ask if we can help answer your questions.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your loan application. At Glendale Mortgage, 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
  • Escrow Fees
  • Taxes
  • Loan Origination Fee
  • Points — lower your interest rate (optional)
  • Appraisal Costs
  • Pulling Your Credit Report
  • Interest Payment
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance if applicable

At Glendale Mortgage, we answer questions about closing costs every day. Give us a call at 610-853-6500.