All residential real estate sales incurs certain costs. Sellers and buyers usually share these costs, as the sales contract specifies.
As indicated below, many of the buyer's costs are related to the costs of originating the mortgage loan. Since RTC Mortgage Corporation is highly experienced with closings & mortgages, we are closing cost experts.
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always estimate your closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes change slightly at the closing table.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your loan application. At RTC Mortgage Corporation, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Escrow Fees Various TaxesLoan-related costs Points — A fee paid to lower your interest rate (optional) Appraisal Costs Getting Your Credit Report Interest Payment Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Flood or Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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