What are Closing Costs?

All residential real estate sales involves fixed costs. Buyers and sellers customarily split these costs, as specified in the sales contract.

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

The Loan Estimate (LE)

Very soon after you apply for a loan, we will give you a "Loan Estimate" of your costs. This cost estimate comes out of our past experience. It's important to note that while our LEs are very precise, we cannot always predict your closing costs to the penny. We handle buyers' questions about these costs every day at Carter Financial Solutions, so please be sure to ask if we can help answer your questions.

Below you'll find a fairly generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan Origination Fee
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

Carter Financial Solutions can help you understand closing costs. Give us a call at 8668408745.

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Carter Financial Solutions

2291 W. March Ln Suite A100
Stockton, CA 95207