"Closing Costs" are the fees that cover various services involved when you sell or buy a house. Sellers & buyers often negotiate the payment of these closing costs.
Many of the costs associated with buying residential real estate are associated with getting a mortgage loan. At RTC Mortgage Corporation, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. Please note that while our LEs are very precise, we can't always predict your closing costs to the penny. We handle buyers' questions about closing costs every day at RTC Mortgage Corporation, so don't hesitate to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, 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
Points — lower your mortgage interest rate (optional) Appraisal Costs Getting Your Credit Report Interest Payment Escrow Account Various TaxesLoan Origination Fee
Recording Fees and Transfer Taxes Insurance
Title Insurance Flood or Quake Insurance Private Mortgage Insurance (PMI)
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