Don't Forget Closing Costs

Every home sale incurs certain costs. Buyers and sellers almost always split these costs, as specified in the sales contract.

Many of the costs associated with buying residential real estate are associated with getting the mortgage loan. Since Carter Financial Solutions has extensive experience with mortgages and closings, we are closing cost experts.

Good Faith Estimate (GFE)

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the Good Faith Estimate are estimated based on Carter Financial Solutions's experience with mortgage loans, but costs usually vary a little bit between the GFE and closing. We will be glad to review the "Good Faith Estimate," answering questions and highlighting costs that can change slightly at closing.

Below you'll find a fairly general list of closing costs. We will provide a specific list of your closing costs when we deliver your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Obtaining YourCredit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Carter Financial Solutions can answer questions about these closing costs. Give us a call: 866-840-8745 x2.

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