"Closing Costs" are the fees which cover various services involved in the sale of residential real estate. Sellers & buyers negotiate the payment of these closing costs.
As the list below indicates, many of the costs result from getting your mortgage. Since Carter Financial Solutions has extensive experience with mortgages and closings, we are closing cost experts.
Soon after you apply for a loan, we will give you the "Loan Estimate" of your closing costs. The closing costs enumerated in the LE are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can change slightly at closing.
We've provided a general list of these costs below, but we will provide 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
Escrow Fees TaxesLoan-related costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Obtaining Your Credit Report Interest Payment
InsuranceRecording Fees & Transfer Taxes
Title Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI)
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