When you buy a home there are certain fees that are paid during the mortgage closing process. These home loan closing fees are paid by both the buyer and the seller and the details are stated in the sales contract.
Most Realtors will not only negotiate the sale or purchase of the property but they will also try and negotiate the lowest amount of mortgage fees that need to be paid.
Your mortgage company will also be able to explain your closing costs to you and answer any questions you may have about them.
Mortgage Good Faith Estimate
Any mortgage applicant will receive a good faith estimate that show an estimate of the closing costs to be paid. This estimate is based on a very educated assumption of the transaction, but it may not include all applicable fees.
At Mayfair mortgage we are always happy to review a Good faith estimate that you received from us or even from another lender and will answer any questions you might have. We will even look for items that maybe listed to low or even missing items.
