Every home sale incurs certain fixed costs. Sellers and buyers customarily share these closing costs, as specified in the sales contract.
Many of the costs associated with buying residential real estate are associated with getting the mortgage. At RTC Mortgage Corporation, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Loan Estimate".
Soon after you apply for a loan, we'll give you a "Loan Estimate" of your closing costs. We base this closing cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we can't always estimate costs to the penny. We field questions about these costs every day at RTC Mortgage Corporation, so please feel free to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your 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 Escrow Fees Various TaxesCosts associated with "originating" your loan Points — A fee paid to lower your interest rate (optional) Appraisal Costs Obtaining Your Credit Report Up-front Interest Payment Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Flood or Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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