Don't Forget Closing Costs

	Looking for a mortgage loan? We'll be glad to answer your questions about our mortgage offerings! Call us at 314-835-1195. Ready to begin? Apply Online Now.

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

As indicated below, many of the buyer's closing costs are related to the costs of getting the loan. Since Alternative Mortgage Solutions, Inc. is highly experienced with closings and mortgages, we often explain the details of closing costs.

The Good Faith Estimate (GFE)

Very shortly after you apply for a loan, we will give you the "Good Faith Estimate" of your closing costs. The closing costs enumerated in the GFE are estimated based on Alternative Mortgage Solutions, Inc.'s experience with mortgage loans, but costs usually change by small amounts between the GFE and closing. We answer questions about these costs every day at Alternative Mortgage Solutions, Inc., so please feel free to ask if we can help answer your questions.

Below you'll find a general list of closing costs. We will provide a specific list of your closing costs when we deliver your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs

• Various Taxes
• Loan Origination Fee
• Points — lower your mortgage interest rate (optional)
• Appraisal Fee
• Pulling Your Credit Report
• Interest Payment
• Escrow Fees

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

• Title Insurance
• Flood / Earthquake Insurance if applicable
• Private Mortgage Insurance (PMI)

At Alternative Mortgage Solutions, Inc., we answer questions about closing costs every day. Give us a call at 314-835-1195.