"Closing Costs" are the fees which cover the various services involved in the sale of a house. Sellers & buyers almost always negotiate to decide how to share these closing costs.
As the list below indicates, many of the closing costs result from getting your mortgage loan. Since Augusta Mortgage Solutions is highly experienced with mortgages & closings, we can help you understand your closing costs.
Soon after you apply for a loan, we will provide you with a "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes change slightly at closing.
Below you'll find a fairly general list of closing costs. We will provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Various TaxesLoan Origination Fee Points — lower your mortgage interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Escrow Fees Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Title Insurance Flood or Earthquake Insurance Private Mortgage Insurance (PMI)
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