Closing Costs

There are certain standard costs associated with closing the sale of a house. Some are paid by the buyer and some by the seller, as spelled out in the sales contract.

AMC will walk you through the closing costs, answering any questions you may have, and explain which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is made. The estimate is based on the type and terms of your loan request, along with typical charges in your area.  The GFE will include all the closing costs associated with your loan, NOT NECESSARILY all the costs involved with your real estate transaction. Some charges, such as inspections and repairs, are not a requirement of the loan, and may be optional to the borrower.  For this reason, inspections and repairs may not be reflected on the GFE.