Be Ready For Closing Costs When Buying Your Augusta GA Home

Posted at July 10, 2009

Augusta GA Real Estate

Lender’s fees and other closing costs can add 3 to 5 percent to your home’s purchase price. When looking for the best deal on fees, though, realize that some lenders show third-party fees on their good faith estimates, while others show only their own fees.

LIKELY LENDER FEES:

  1. Origination fee (“points”)
  2. Administration fee
  3. Application fee
  4. Broker or lender fee
  5. Commitment fee
  6. Document preparation
  7. Underwriting fee

LIKELY THIRD-PARTY FEES:

  1. Credit report
  2. House appraisal
  3. Pest inspections
  4. Recording fees
  5. Settlement fees
  6. Survey
  7. Tax and insurance prepayment
  8. Title search
  9. Title insurance
  10. Courier Services

AND ALWAYS ASK: “What other costs will I be responsible for to get our home closed?”

As always, if you have questions about Augusta homes for sale or the Augusta real estate market, please give me a call!

Related posts:

  1. Finding a Home Inspector in Augusta GA
  2. The Seven Don’ts of Mortgage Funding – Your Augusta GA Home
  3. Can Your Bank Accept a Short Sale and Still Demand Payment?
  4. Best Time to Buy Your Home in Augusta GA
  5. 7.5 Questions to Ask Yourself Before Buying
Augusta GA Real Estate, Columbia County GA Real Estate, First Time Homebuyers

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