Every home sale involves costs. Sellers and buyers almost always split these costs, as specified in the real estate sales contract.
Many of the closing costs associated with buying a home are associated with getting a loan. Since RTC Mortgage Corporation is highly experienced with mortgages and closings, we can help you understand your closing costs.
Very soon after you submit your application, we'll provide you with a "Good Faith Estimate" of your closing costs. The closing costs spelled out in the GFE are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the GFE and closing. We will be glad to review the "Good Faith Estimate," answering questions and pointing out costs that sometimes change slightly at closing.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your loan application. At RTC Mortgage Corporation, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Pulling YourCredit Report Interest Payment Escrow Fees Various TaxesCosts related to "originating" your loan Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee
InsuranceRecording Fees and Transfer Taxes
Flood / Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.