"Closing Costs" are the fees that cover the various services involved in the sale of a home. Sellers and buyers almost always negotiate to decide how to share these costs.
As you'll see below, many of the buyer's closing costs cover the costs of originating the mortgage loan. At Augusta Mortgage Solutions, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Loan Estimate".
Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on Augusta Mortgage Solutions's experience with mortgage loans, but costs often change a little bit between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes vary a little bit at the closing table.
Below you'll find a fairly general list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs Loan-Related Costs Various TaxesCosts related to "originating" your loan Points — lower your interest rate (optional) Appraisal Costs Pulling Your Credit Report Up-front Interest Payment Escrow Account Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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