"Closing Costs" are the fees which cover various services involved when you sell or buy a home. Buyers and sellers negotiate these costs.
Many of the costs associated with buying residential real estate are associated with getting a mortgage loan. Since Riviera Funding NMLS#861382 CA DRE Broker #01186669 is highly experienced with mortgages & closings, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we can't always predict costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can change slightly at the closing table.
Below is a fairly generic list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Interest Payment Escrow Fees Various TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Fee Pulling YourCredit Report
Recording Fees and Transfer Taxes Insurance
Flood or Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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