All residential real estate sales incurs fixed costs. Buyers and sellers usually share these closing costs, as the sales contract specifies.
As you'll see below, many of the closing costs result from getting your mortgage loan. At Augusta Mortgage Solutions, we are highly experienced in mortgage lending, so we can compile a comprehensive list of mortgage-related closing costs in your "Loan Estimate".
Very shortly after you submit your application, we will give you the "Loan Estimate" of your costs. The closing costs specified in the Loan Estimate are estimated based on Augusta Mortgage Solutions's experience with mortgage loans, but costs usually change by small amounts between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes change slightly at the closing table.
Below you'll find a general list of closing costs. We will provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Various TaxesLoan-related costs Points — lower your mortgage interest rate (optional) Appraisal Fee Obtaining Your Credit Report Up-front Interest Payment Escrow Account Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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