About Closing Costs
"Closing Costs" are the fees which pay for the various services involved when you sell or buy a house. Buyers & sellers often negotiate to decide how to split these costs.
As indicated below, many of the buyer's costs cover the costs of getting the mortgage loan. Since Alliance Lending Services is highly experienced with mortgages & closings, we are closing cost experts.
Good Faith Estimates (GFEs)
Soon after you apply for a loan, we'll give you the "Good Faith Estimate" of your closing costs. This closing cost estimate is based on our past experience. Please note that while our GFEs are very accurate, we can't always predict your closing costs to the penny. We field questions about closing costs every day at Alliance Lending Services, so please feel free to contact us if we can help answer your 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 Alliance Lending Services, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
- Escrow Fees
- Various Taxes
- Loan Origination Fee
- Points — A fee paid to lower your mortgage interest rate (optional)
- Appraisal Costs
- Getting Your Credit Report
- Interest Payment
- Transfer Taxes and Recording Fees
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood or Earthquake Insurance
Alliance Lending Services can help you understand closing costs. Call us: 801.255.6582.
Do you have a question regarding a mortgage program?