"Closing Costs" are the fees which cover the various services involved when you sell or buy a home. Sellers & buyers negotiate to determine who will pay different portions of these closing costs.
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 and 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. The closing costs enumerated in the LE are estimated based on our experience with mortgage loans, but costs usually change by small amounts between the LE and closing. We review LEs with buyers every day, so we'd be glad to answer the you have about closing costs.
Below is a general list of costs for buying a home. We will always provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Various TaxesCosts associated with "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Getting Your Credit Report Up-front Interest Payment Escrow Fees Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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