"Closing Costs" are the fees that pay for various services involved in the sale of a house. Buyers and sellers often negotiate to decide how to split these costs.
As the list below indicates, many of the closing costs result from getting your 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 "Good Faith Estimate".
Buyers get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This cost estimate comes out of our past experience. Please note that while our GFEs are very precise, we can't always predict your costs to the penny. We will be glad to review the "Good Faith Estimate," answering your questions and pointing out costs that sometimes change slightly at closing.
We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Augusta Mortgage Solutions, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Credit Report Interest Payment Escrow Account Various TaxesCosts related to "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Costs
Insurance Transfer Taxes and Recording Fees
Title Insurance Flood or Earthquake Insurance Private Mortgage Insurance (PMI)
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