Certain standard costs are associated with closing the sale of a home. Sellers and buyers almost always split these costs, as the sales contract specifies.
Many of the closing costs associated with buying residential real estate are associated with getting the mortgage. At Augusta Mortgage Solutions, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the Loan Estimate are estimated based on Augusta Mortgage Solutions's experience with mortgage loans, but costs usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We handle questions about closing costs every day at Augusta Mortgage Solutions, so please feel free to ask if we can help answer your questions.
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 complete 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 Loan-Related Costs Up-front Interest Payment Escrow Account Various TaxesLoan-related costs Points — A fee paid to lower your interest rate (optional) Appraisal Fee Credit Report Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Title Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI)
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