Your Closing Costs
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"Closing Costs" are the fees which pay for various services involved when you sell or buy a house. Buyers and sellers often negotiate to decide how to share these costs.
As you'll see below, many of the costs result from getting your mortgage. Since Fidelity Bancorp has extensive experience with mortgages and closings, we are closing cost experts.
Good Faith Estimates (GFEs)
Very shortly after you apply for a loan, we will give you a "Good Faith Estimate" of your costs. This closing cost estimate comes out of the loan officer's past experience. Please note that while our GFEs are very precise, we can't always estimate your costs to the penny. We handle buyers' questions about closing costs every day at Fidelity Bancorp , so please feel free to contact us if we can help answer your questions.
We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Fidelity Bancorp , 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
- Costs related to "originating" your loan
- Points — A fee paid to lower your mortgage interest rate (optional)
- Appraisal Costs
- Obtaining Your Credit Report
- Up-front Interest Payment
- Transfer Taxes and Recording Fees
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood / Quake Insurance
At Fidelity Bancorp , we answer questions about closing costs every day. Call us: (888) 998-9868.