Closing Costs

"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.

The Good Faith Estimate (GFE)

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

Loan-Related Costs
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Loan-related costs
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

RTC Mortgage Corporation can help you understand closing costs. Call us at (949) 494-4701.

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