"Closing Costs" are the fees that cover the various services involved in the sale of residential real estate. Buyers & sellers usually negotiate to decide how to split these costs.
As the list below indicates, many of the closing costs result from getting your loan. Since Augusta Mortgage Solutions has extensive experience with mortgages and closings, we are closing cost experts.
Soon after you submit your application, we'll give you a "Loan Estimate" of your closing costs. The closing costs enumerated in the LE are estimated based on Augusta Mortgage Solutions's experience with mortgage loans, but costs often vary a little bit between the LE and closing. We explain Loan Estimates with buyers every day, so we'd be glad to answer your questions about closing costs.
We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your application. At Augusta Mortgage Solutions, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs TaxesCosts related to "originating" your loan Points — A fee paid to lower your interest rate (optional) Appraisal Costs Obtaining Your Credit Report Interest Payment Escrow Fees Property Taxes Transfer Taxes and Recording Fees Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance
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