There are certain standard costs associated with closing the sale of a home. Sellers and buyers customarily share these costs, as specified in the sales contract.
As indicated below, many of the buyer's closing costs cover the costs of originating the mortgage loan. At RTC Mortgage Corporation, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on mortgage-related closing costs in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always predict costs to the penny. We review LEs with buyers every day, so we'd be glad to answer your questions about closing costs.
We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your 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 Interest Payment Escrow Fees TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Costs Credit Report Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake 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.