"Closing Costs" are the fees which pay for various services involved in the sale of a home. Buyers & sellers almost always negotiate these costs.
As indicated below, many of the buyer's closing costs cover the costs of getting the mortgage loan. At RTC Mortgage Corporation, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Good Faith Estimate".
Buyers will get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. Please note that while our GFEs are very precise, we can't always predict costs to the penny. We review GFEs with buyers almost every day, so we'd be glad to answer the you have about closing costs.
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 Good Faith Estimate.
Standard Closing Costs
Credit Report Up-front Interest Payment Escrow Fees TaxesLoan Origination Fee Points — lower your mortgage interest rate (optional) Appraisal Fee
Insurance Transfer Taxes and Recording Fees
Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance
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