"Closing Costs" are the fees that pay for the various services involved when you sell or buy a house. Buyers and sellers often negotiate to decide how to split these costs.
Many of the costs associated with buying residential real estate are associated with getting the mortgage. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Loan Estimate".
Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your closing costs. The cost estimate is based on our past experience. Please note that while our LEs are very accurate, we cannot always estimate your closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can vary a little bit at closing.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Pulling YourCredit Report Interest Payment Escrow Fees Various TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Fee
Recording Fees and Transfer Taxes Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance
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