What are Closing Costs?

"Closing Costs" are the fees which cover various services involved in the sale of a home. Buyers and sellers often negotiate to decide how to share these costs.

As indicated below, many of the costs result from getting your loan. At Augusta Mortgage Solutions, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Good Faith Estimate".

Good Faith Estimates (GFEs)

Soon after you submit your application, we'll give you a "Good Faith Estimate" of your costs. The closing costs enumerated in the Good Faith Estimate are estimated based on Augusta Mortgage Solutions's experience with mortgage loans, but costs usually change a little bit between the GFE and closing. We field questions about closing costs every day at Augusta Mortgage Solutions, so please be sure to contact us if we can help answer your questions.

We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you have completed your loan 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
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Loan-related costs
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Obtaining YourCredit Report
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance

At Augusta Mortgage Solutions, we answer questions about closing costs every day. Give us a call: 706-860-5514.

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