Certain standard costs are associated with closing the sale of a home. Sellers and buyers usually split these costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying a home are associated with getting a loan. Since Carter Financial Solutions has extensive experience with closings and mortgages, we can help you understand your closing costs.
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on Carter Financial Solutions's experience with mortgage loans, but costs usually change a little bit between the Loan Estimate (LE) and closing. We go over LEs with buyers almost every day, so we'd be glad to answer your questions about closing costs.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Carter Financial Solutions, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Interest Payment Escrow Fees TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Fee Pulling YourCredit Report
Transfer Taxes & Recording Fees Insurance
Title Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI)
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