Every home sale incurs certain costs. Buyers and sellers almost always share these costs, as specified in the real estate sales contract.
As you'll see below, many of the costs result from getting your mortgage. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we have extensive experience in mortgage lending, so we can compile a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".
Soon after you submit your application, we will give you a "Loan Estimate" of your closing costs. This closing cost estimate comes out of our past experience. It's important to note that while our LEs are very accurate, we cannot always estimate closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can change slightly at the closing table.
Below you'll find a generic list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Escrow Account TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Fee Credit Report Up-front Interest Payment Property Taxes Recording Fees & Transfer Taxes Insurance Homeowners Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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