"Closing Costs" are the fees which pay for the various services involved in the sale of a house. Sellers and buyers usually negotiate these closing costs.
As the list below indicates, many of the costs result from getting your loan. Since RTC Mortgage Corporation has extensive experience with closings & mortgages, we are closing cost experts.
Buyers get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This cost estimate is based on the loan officer's past experience. It's important to note that while our GFEs are very precise, we cannot always predict your costs to the penny. We answer buyers' questions about these costs every day at RTC Mortgage Corporation, so don't hesitate to contact us if you have questions.
Below you'll find a general list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Good Faith Estimate.
Standard Closing Costs
Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Escrow Account TaxesLoan-related costs
InsuranceRecording Fees and Transfer Taxes
Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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