Don't Forget Closing Costs

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.

The Good Faith Estimate (Also know as the GFE)

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

Loan-Related Costs
  • Pulling YourCredit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At RTC Mortgage Corporation, we answer questions about closing costs every day. Give us a call at (949) 494-4701.

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