"Closing Costs" are the fees which cover various services involved in the sale of residential real estate. Buyers and sellers often negotiate to decide how to share these costs.
Many of the closing costs associated with buying a home are associated with getting a loan. Since Augusta Mortgage Solutions is highly experienced with mortgages & closings, we can help you understand your closing costs.
Soon after you submit your application, we'll give you the "Loan Estimate" of your costs. The closing cost estimate is based on the loan officer's past experience. It's important to note that while our LEs are very precise, we can't always predict your costs to the penny. We explain Loan Estimates with buyers every day, so we'd be glad to answer the you have about closing costs.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Augusta Mortgage Solutions, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Points — lower your interest rate (optional) Appraisal Costs Pulling Your Credit Report Interest Payment Escrow Account Various TaxesLoan Origination Fee Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance if applicable
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