"Closing Costs" are the fees that cover the various services involved when you sell or buy residential real estate. Buyers & sellers almost always negotiate to decide how to share these costs.
As you'll see below, many of the costs result from getting your mortgage. At Augusta Mortgage Solutions, we are highly experienced in residential mortgage lending, so we can compile a comprehensive list of mortgage-related costs in your "Loan Estimate".
Soon after you submit your application, we will provide you with the "Loan Estimate" of your costs. The closing cost estimate is based on our past experience. Please note that while our LEs are very accurate, we can't always predict costs to the penny. We answer buyers' questions about these costs every day at Augusta Mortgage Solutions, so please be sure to ask if you have questions.
Below is a generic 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 Escrow Account Various TaxesCosts associated with "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Fee Credit Report Interest Payment Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance
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