Certain standard costs are related to closing the sale of a house. Buyers and sellers almost always split these costs, as specified in the sales contract.
As you'll see below, many of the buyer's closing costs cover the costs of getting the 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 spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary a little bit between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes vary a little bit at the closing table.
We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your 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 Loan-Related Costs Up-front Interest Payment Escrow Account TaxesLoan Origination Fee Points — lower your interest rate (optional) Appraisal Fee Credit Report Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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