"Closing Costs" are the fees which cover the various services involved when you sell or buy a home. Sellers & buyers almost always negotiate to determine who will pay different portions of these costs.
As you'll see below, many of the buyer's costs cover the costs of originating the mortgage loan. Since Riviera Funding NMLS#861382 CA DRE Broker #01186669 is highly experienced with mortgages & closings, we can help you understand your closing costs.
Buyers 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 Riviera Funding NMLS#861382 CA DRE Broker #01186669's experience with mortgage loans, but costs usually vary by small amounts between the Loan Estimate (LE) and closing. We review Loan Estimates with buyers almost every day, so we are happy to answer your questions about closing costs.
Below is a fairly general list of costs for buying a home. We will always provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Loan-related costs Points — lower your interest rate (optional) Appraisal Costs Getting Your Credit Report Interest Payment Escrow Fees Various Taxes Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Quake Insurance if applicable
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