Don't Forget Closing Costs

"Closing Costs" are the fees which pay for various services involved when you sell or buy a house. Sellers and buyers negotiate the payment of these costs.

Many of the costs associated with buying residential real estate are associated with getting the mortgage loan. At PREMIERE MORTGAGE SERVICES INC., we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Good Faith Estimate".

Good Faith Estimate (GFE)

Buyers will get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very accurate, we can't always estimate closing costs to the penny. We field questions about closing costs every day at PREMIERE MORTGAGE SERVICES INC., so don't hesitate to ask if you have questions.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your application. At PREMIERE MORTGAGE SERVICES 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
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance if applicable

At PREMIERE MORTGAGE SERVICES INC., we answer questions about closing costs every day. Call us: 978-422-2311.