"Closing Costs" are the fees that pay for the various services involved when you sell or buy a home. Sellers and buyers negotiate to decide how to split these costs.
Many of the closing costs associated with buying a home are associated with getting the loan. Since Carter Financial Solutions is highly experienced with mortgages & closings, we are closing cost experts.
Soon after you submit your application, we'll give you the "Loan Estimate" of your costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We handle buyers' questions about closing costs every day at Carter Financial Solutions, so please be sure to contact us if you have 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 loan application. At Carter Financial Solutions, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
TaxesLoan Origination Fee Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Costs Credit Report Interest Payment Escrow Account
Recording Fees & Transfer Taxes Insurance
Flood or Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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