"Closing Costs" are the fees that pay for various services involved when you sell or buy a home. Sellers & buyers usually negotiate to determine who will pay different portions of these closing costs.
Many of the closing costs associated with buying a home are associated with getting the mortgage. At Augusta Mortgage Solutions, we are highly experienced in mortgage lending, so we can compile a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".
Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on Augusta Mortgage Solutions's experience with mortgage loans, but costs usually change a little bit between delivery of the LE and closing. We go over Loan Estimates with buyers every day, so we are happy to answer the you have about closing costs.
Below is a fairly general list of closing costs. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs TaxesLoan-related costs Points — lower your mortgage interest rate (optional) Appraisal Fee Obtaining Your Credit Report Interest Payment Escrow Fees Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Flood or Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.